IFL insignia financial ltd

Ann: Early redemption request for subordinated loan notes, page-14

  1. 6,559 Posts.
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    I think your right. This is a debt instrument that lets NAB share in upside of company without any equity. It just lets them call in their loan and get paid higher interest and equity upside.

    Wondering why IFL didn't have money on side to pay it out incase the redemption was needed.
 
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