Absolutely @quin
The existing may22 6.625% usd350m barminco bonds are currently traded on the Sgx.
To redeem these bonds the company needs to buy them back at prevailing market price or whatever price is required to incentivise the sellers.
The bonds are initially issued at $100 (called the par value) with subsequently traded price above or below $100 determining the premium / discount, respectively.
Last traded ask price of barminco bonds was 101.885 implying a ~2% premium the company must pay to redeem the bonds.
You then have the execution costs (paid to lead arrangers / bookrunners) on the new bond and subsequent swap costs (if they do enter into a aud/usd) currency swap.
Aimo
Ann: Fitch Assigns BB Rating to Perenti, positive outlook, page-9
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$1.04 |
Change
0.020(1.96%) |
Mkt cap ! $970.7M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.05 | $1.01 | $2.370M | 2.320M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 7796 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 98183 | 20 |
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