Does this make sense and who will actually benefit from this? I thought convertible loan notes are something for early stage companies who find it hard to get bank financing.
If Xero is in a net cash position why does it need exotic debt instruments like this with high transaction costs and call option fees paid to the investment banks.
Surely a bank facility is easier and cheaper.
Does this make sense and who will actually benefit from this? I...
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Last
$133.51 |
Change
-1.900(1.40%) |
Mkt cap ! $20.38B | |||
| Open | High | Low | Value | Volume |
| $134.33 | $135.51 | $133.43 | $33.17M | 247.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $133.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $133.55 | 5 | 1 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| XRO (ASX) Chart |