And next year, their interest rate swaps have a higher interest rate, so they will pay more interest & have more MTM losses, assuming interest rate don't change from now till then.
Actually, each year from now onwards, the interest rate swaps have a higher interest rate attached. Fortunately, from 2011 onwards, the proportion of hedging reduces, so on average, GMG shouldn't be paying any more in interest than they are now.
end is nigh, page-33
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Last
$34.75 |
Change
0.270(0.78%) |
Mkt cap ! $65.99B | |||
| Open | High | Low | Value | Volume |
| $34.97 | $35.15 | $34.67 | $113.8M | 3.272M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11747 | $34.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.76 | 5103 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GMG (ASX) Chart |