interest rate hedges

I'm surprised the last announcement received no comments here. CRF has managed to fix interest rates on a material portion of it's floating rate debt at rates between 4.00% and 4.10% - that appears pretty sensible to me. A saving of $4m in the second half of this FY equates to an annual saving of $8m in interest costs. We will only know in 4 years time if this hedging was good or not. However based on historical interest rates - I reckon they've done a fantastic job that will provide a competitive advantage in financing costs (and they still have room to hedge some more if rates continue down). Well done CRF.