Point is you can buy almost twice as many axo than axog (25.5 vs 43). While you were buying axog for 15-20, others were buying twice as many for 7-8c. When they both go back to 95c. Axo holders have twice the gain. If things don't go well, axog bondholders aren't likely to get cash but the asset. Rockcheck has axo, not axog, they won't be shut out without a fight I think
hebei steel, page-11
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