Ann: DBP obtains Commitments for $480M Refinancin, page-11

re: Ann: DBP obtains Commitments for $480M Re... "My information is that the interest margin was increased to 300bp from 50bp. I cannot guarantee that info but the source is usually very reliable."

So I can make sense of what is being said, assuming Melua's source is correct, BBI will be paying 2.5% more on the refinanced loan. Since their share is $100M ($4M + $96M), that equated to $2.5M more interest expense p.a.

Also, the $100M had $4M maturing in May and $96M in September. Do the new rates come into effect as of now or as of the end of the respective maturity periods?