LOTM Antares has a drawdown of M$33 at present on Macquarie...

LOTM
Antares has a drawdown of M$33 at present on Macquarie facility.( Interest is LIPOR + 4%)Todays announcement.

I think you are getting a bit excited about all noteholders likely to redeem on 31/10/15.( Next reset date)

The company will be in a very good position by then, and I would imagine the next reset date would be announced by then.
(Redemption can only happen on a reset date, conversion to fully paid shares can happen any time.)

As I mentioned earlier no point holding notes above a SP of 74cps.
My thoughts only

IFINO