My simplistic take is that in a high inflation environment, with one forecaster yesterday opining USA inflation may reach '16 per cent pa', extending the median debt maturity profile is a good move.
If I'm using the correct term, the 'coupon rate' is advantageous given the timelines.
What isn't clear is whether RWC's amount of so-called senior debt has increased and with it the gearing level.
The SP has significantly dropped due one assumes to:
supply chain problems (including ongoing west coast USA port delays) inflation and interest rate expectations in the USA and Australia probable low consumer confidence in the USA due to Biden and the Fed's Powell's bungling and need it be said what Putin is doing to Ukraine and the global economy).
Like you, frank1, I'd appreciate a more informed view from accountants or financiers.
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