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Iona initially issued at : 180 day BBSW + margin...

  1. Value_Hunter
    4,727 Posts.
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    06/10/15
    13:32
    Post #: 16122361
    Iona

    initially issued at :

    180 day BBSW + margin

    http://www.afma.com.au/data/BBSW

    initial margin was 2.4%

    this was "stepped up" to 4.65%

    so "currently" the rate is approx. 6.85% p.a.

    yes - the interest is calculated from face value .....and includes "all" on issue (incld ones that PPX itself holds).

    approx. 19.5m per annum .......

    rgds
    V_H
    SRS Price at posting: 3.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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