rebel1 - Take 2Re; ".. What ozl is doing is like consolidating a...

rebel1 - Take 2

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 $9million in interest pa.

4YIO - NFA