I think your right. This is a debt instrument that lets NAB share in upside of company without any equity. It just lets them call in their loan and get paid higher interest and equity upside.
Wondering why IFL didn't have money on side to pay it out incase the redemption was needed.
Ann: Early redemption request for subordinated loan notes, page-14
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Last
$3.52 |
Change
-0.080(2.22%) |
Mkt cap ! $2.360B | |||
| Open | High | Low | Value | Volume |
| $3.57 | $3.57 | $3.48 | $7.580M | 2.154M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15629 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.52 | 39699 | 8 |
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| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |