It's prudent capital management to roll debt over and manage your balance sheet. All companies do this, and if the terms weren't beneficial to the company they wouldn't do it.
Remember that all these current debt was entered in to when interest rates were higher and the company had a lower credit rating. They will be able to extend the maturity dates and get lower interest costs as a result.
I don't think this is a surprise in anyway, they were always going to roll some debt forward. Remember the target gearing ratio is ~40%. The market will eventually agree that this de-risks the company in the medium term (next 5 years).
- Forums
- ASX - By Stock
- FMG
- Ann: Fortescue announces multi-billion dollar refinancing
Ann: Fortescue announces multi-billion dollar refinancing, page-7
-
- There are more pages in this discussion • 83 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B |
Open | High | Low | Value | Volume |
$20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 38056 | $20.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.15 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7000 | 20.080 |
1 | 5000 | 20.050 |
3 | 2700 | 20.020 |
8 | 2885 | 20.000 |
1 | 2500 | 19.990 |
Price($) | Vol. | No. |
---|---|---|
20.160 | 11740 | 2 |
20.180 | 180 | 1 |
20.200 | 966 | 1 |
20.260 | 3200 | 1 |
20.280 | 993 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |