Ann: Magnis Raises A$4m in Placement, page-135

Magnis have solid profit margin forecasts, low operating and financial leverage, large off takes already "locked in", moderate sovereign risk and now some institutional backing.

Financial institutions would certainly consider that combination worth the debt funding.

If you assume the binding off takes are binding, and project costs won't blow out. A loan to magnis would represent low risk of default. The question is what yield would Magnis have to pay if they were debt financed by a financial institution.