ZIP 1.45% $1.70 zip co limited..

Ann: Zip A$400m Snr CNote offering to accelerate global expansion, page-277

  1. 7,421 Posts.
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    No wrong on many fronts. For starters.

    its not 800mil. That's 200%

    They don't make money if the sp is below the strike price in 2028, not unless they short and the short is in the money. 2.25% over 8 years is a very low rate of return if the sp doesn't move higher.

    Singapore is the only liquid exchange for these notes, same as apt and xro.

 
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