Earlier in a COF thread we talked about the amount of hedging put in place (or not) by COF. I remain confused as to whether you can use a simple measure like the proportion of hedged debt to really assess the interest rate risk.
As a matter of interest I noticed this quote in a LiveWire story today (actually reporting an interview with Hugh Dive about the CBA bank but moving on to more general assessment of the market):
"We are going through a transition period. There will be companies that are clear losers - companies that can't pass on inflation and haven't hedged their debt properly.For instance, we saw Charter Hall Long WALE REIT (ASX: CLW) increase its debt cost dramatically because a lot of it is unhedged. Other companies like Transurban (ASX: TCL) have a lot of debt, but it's hedged out 8 to 9 years. So there'll be winners and losers, but I don't think it will be uniform."
Interesting times....
Earlier in a COF thread we talked about the amount of hedging...
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