can't say I've been in this position before so I'm only guessing.
I'd say once BoA allow it then it will be a knock on effect of instos unwinding and not wanting to burn eachother. From how I understand the notes, they pay a 16-20% premium at the maturity date, so it does make sense to raise the price by then, which is 7 years.
I could have completely misunderstood the notes though so please correct me if I'm wrong.
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Last
$3.25 |
Change
0.140(4.50%) |
Mkt cap ! $4.243B | |||
| Open | High | Low | Value | Volume |
| $3.14 | $3.27 | $3.09 | $45.60M | 14.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8794 | $3.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.25 | 36106 | 6 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |