There is a step up on 1-4-10 when interest goes from BBSW+1.9% to BBSW+3.9%, however there is no guarentee of redemption at any time, these are perpetual unless MXG decides to redeem. Doubt if they will do that unless they can get money cheaper elsewhere. On market buyback may be possible.
Still interest rate itself is pretty good.
MXG
multiplex group
There is a step up on 1-4-10 when interest goes from BBSW+1.9%...
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