Thanks rcman,
I read the post providing more details, from what I can understand is that the due dates are being pushed out to 2021 & the $4.9b due in 2019 is to be also pushed out
They do mention interest cost savings, but no amounts disclosed at this stage
They must be very confident that the bond holders will agree and that the financial markets will participate
Rcman, how will sp react? Surely this a positive event?
However with IO price down could go either way?
Ann: Fortescue announces multi-billion dollar refinancing, page-5
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$21.62 |
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Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
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| 7 | 15504 | $21.61 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |