Yes. If I was IFL I would be checking in with bidders to advise them of the additional costs do you want to do a deal if not I am gonna allow NAB to redeem thr debt with equity.
Think about if some offered you chance to remove $200M debt on your balance sheet you would do it. At $3.55 if no take over offers were provided.
I suspect IFL has received some offers and accessed that these are superior then issuing shares at $3.55.
Ann: Early redemption request for subordinated loan notes, page-7
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 (20min delay)
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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 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |