Funding secured!Also it's worth noting that the new warehouse structure of introducing mezzanine finance allows for greater leverage returns - capital employed is reduced from 20% to 5% in listed ABS and only 2% for private placements.$600m additional funding for commercial on the back of the $760m private placement back in August - that's a big top-up in just ~4 months."positioning us strongly for future expansion" - Good sign for continued commercial growth.Interestingly they announce the listed ABS but not the private ones...Just need to maintain lending discipline as leverage cuts both ways.
Funding secured! $600m additional funding for commercial on the...
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| HUM (ASX) Chart |