AFG 0.72% $1.38 australian finance group ltd

ahug to mature prior to sept 09 debt extension

  1. 99 Posts.
    The extension of AFG senior debt facility to September 2009 should be good news for holders of AHUG as AHUG are to be redeemed on 17 August 2009 for $105. There is also around $15.44 in interest payable over this period. Wouldn't be surprised to see these hybrids surge (currently $20). AFG have also guaranteed the AHUGs until 30 September 2009 (ie after maturity date).
    However it is most likely Allco will sell the Alleasing business beforehand anyway.

    Only problem is the stock is very thinly traded.
    Anyone have a view on these?
 
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