That would depend on the currency relating to the debt. If the borrowing is to any great extent in US$ then that debt blows out in AU$. Because a lot of the realestate is held in the USA it is reasonable to assume that some debt is in US$. If assets are sold do we receive US$ or AU$ ?
There are so many unknowns with the tangled web associated with Centro. We don't even know what some of the unknowns may be.
CER Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held