Incorrect.
It's Structured funding - Banks provide the top tranche and major of the lend i.e. 80%. Then over investors come in and provide the lower tranches at higher rates given they 'lose money' first. Most would also request seller/Plenti in this case to have a seller note which they take any first losses.
Ann: Establishment of $100m warehouse facility, page-7
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Last
75.5¢ |
Change
0.045(6.34%) |
Mkt cap ! $132.3M | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 75.5¢ | 71.0¢ | $6.483K | 8.843K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 211258 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.5¢ | 1323 | 1 |
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