This was in today's The Australian:
" ... analysts warned yesterday that today's expected life-line would come at a cost, with the banks imposing serious penalty interest charges, possibly as high as 600 basis points.
"They're going to milk as much out of the business as they can," said one analyst, who declined to be named.
He said the refinancing would also involve stringent conditions that were likely to involve some asset sales."
Full article is at:
http://www.theaustralian.news.com.au/story/0,25197,23661055-643,00.html
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This was in today's The Australian:" ... analysts warned...
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