As per announcement Centro owes A$5.05bn comprised of US$2.54bn (A$3.83bn converted at 0.6624) + A$1.21bn.
I take that spot rate is from 15/12. Well now that the Aussie is pushing 70c, looks like US dollar exposure has reduced by about a lazy $200 million.
If the AUD continues to gain against the USD leading up until Jan 15 will it change the composition mix of hybrids vs term loans?
The company has a natural hedge of revenues which will negate any gains in a reduced FC liability but strictly from a refinancing POV will the AUD/USD card come into play leading up till the 15/1?
As per announcement Centro owes A$5.05bn comprised of US$2.54bn...
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