SGH 0.00% 54.5¢ slater & gordon limited

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    Spreading risk, by moving debt exposure from one borrower to another, doesn't reduce the overall risk for the bank syndicate. What it does is limit the syndicate's exposure at default and loss given default if SGH were to default on its obligations (either to the syndicate or a subsequent subordinated lender if one is brought into the equation).
 
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