A very crude explanation is as follows. Seven is raising new debt to pay off the principal on existing debt. This type of exchange note can be paid off either in cash (like a normal note) or the note can be exchanged for a different asset. In this case, the debt holder can choose to receive Boral shares SVW already owns to get their principal paid back (this is an abnormal relationship, typically a company would offer up their own shares).
A very crude explanation is as follows. Seven is raising new...
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Last
$39.06 |
Change
1.440(3.83%) |
Mkt cap ! $14.82B | |||
| Open | High | Low | Value | Volume |
| $37.62 | $39.10 | $37.57 | $35.05M | 904.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 593 | $38.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.06 | 11724 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$39.07 |
Change
1.440 ( 3.61 %) |
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| Open | High | Low | Volume | ||
| $37.66 | $39.10 | $37.59 | 118104 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SVW (ASX) Chart |