Re; ".. What ozl is doing is like consolidating a visa card loan at higher interest into a home loan at lower interest. ..."
It should be noted that the RBA meets on Tuesday & is being tipped to cut rates by 0.50% to 0.75% - some speculate that it could be more.
Perhaps OZL is seeking to have this & further downstream rate cuts built into the loan facilities - an extra 2% of $450m would be a saving of $9 in interest pa.
4YIO - NFA
OZL Price at posting:
$5.50 Sentiment: LT Buy Disclosure: Held
