bpc - prob a silly q

BPC has strengthened its balance sheet, obtained long term funding and achieved the financial flexibility to continue to develop business with an issue of a ten-year senior subordinated debt of US$400m in June 2002. Part of the proceeds used to redeem its outstanding US$98.3m convertible debt bonds.

Does this mean if our dollar continues to rise against the US dollar the subordinate debt amount will be less because it's in US$$$'s? From what I gathered though a rising Aussie dollar hurts BPC's bottom line. Is this correct?

Brixy