But yes you are right. The rate will change if interest expenses drop to 177m from 187m as a result of the variable rate of interest decreasing. (I discussed how interest payments would decrease from 187m to 177m in an earlier post). The decreased US interest rate will affect facilities such as the bank bridge loan and all the other US variable debt facilities listed in the supplemental report.
This will drop the average interest rate over the US$3.42b debt to 5.17%.
Cheers
CER Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held