AUD hovering around a 5 year low range so doing a deal like this in USD might be a wise move.
If the AUD appreciates over the next few years the interest payment will reduce.
I'd imagine this is a hedge as the business performs better if USD is lower but interest payments are higher and vice versa.
News: PRN Perenti Ltd Says Secured $350 Million From U.S. Bond Market, page-8
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Last
99.5¢ |
Change
0.005(0.51%) |
Mkt cap ! $933.2M | |||
| Open | High | Low | Value | Volume |
| 99.0¢ | 99.8¢ | 98.5¢ | $1.561M | 1.573M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.5¢ | 67483 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PRN (ASX) Chart |