another point in the article:
they mention that up to 30% of the headstock has been sold off!!
What!!
CNP could have reduced its LVR by roughly 12% if they could have bought that debt themselves (assuming rounding off to nearest 10 % and so debt being sold off for 60% of principal amount). IMO
I dont get it really.
cba sells debt for 56c in the dollar, page-6
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)