Tlx gets 650m at 2.37% interest rate, I bet they won't even use the full 650m as trial expenses will be staggered. Rest of the money they can put in term rate for 3 months at a time. Practically they may not pay interest rate for the first year at least.
Just using Macquarie bank as an example for the rates but who knows what bank Telix use.
https://www.macquarie.com.au/everyday-banking/term-deposits.html
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