That A$550m Super debt that is due in the second half of this year, I believe was that debt that was rolled over in Oct 2008 that wasnt announced to the market.
Not sure if you all recall but a month ago I got the company to confirm that the US$361.7m Super debt due in October 2008 was successfully rolled over. This was never announced to the market.
US$361.7m divided by the exchange rate used by CER at 31 Dec 08 of 0.6928 gives us A$522m
Page 2 of last Friday's ann notes that the A$522m includes an option to extend by 12 months from September 2009.
We definitely know now that the debt of US$361.7m due in October 2008 was successfully rolled over for 12 months with an option to roll over for another 12.
Have a good day all
Cheers
CER Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
