Deciphering 150m in bond issuance

  1. 2,800 Posts.
    lightbulb Created with Sketch. 331
    hi guys

    Looking at the 2019 annual report I noted net borrowings via bonds increase by 150m. However the cash position of CCL ended up actually being lower?

    What the hell happened to all that cash? Does anyone have any inkling as to what they intended to do with that level of raised capital from the bond market?

    Cheers
 
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