I'm reading it as 3.5% margin. I.e. 3.5% above the cash rate (currently 0.25%). Minor difference atm but once rates rise it will make a difference. Still a fantastic deal, as long as akk can keep participating in ongoing drilling there is no need to sign up to a constrictive debt agreement. If they can get one on good terms then that would still be preferred.
I'm reading it as 3.5% margin. I.e. 3.5% above the cash rate...
-
- There are more pages in this discussion • 94 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)