FMG savings by repaying debt early
$140.00 @ 9.00% = $13.0b
$1.0b @ 7.00% = $70.0b
Refinancing of $5.0b saves $50.0b (minimum)
Total saving = $133.0b, this goes straight to the bottom line.
Apart from the savings in interest charges, it reduces overall cost of IO production by approx $1.00mt. Unless the cost of production currently in low $70.0mt range does not include financing charges
Basically if financing costs included in overall costs of production the actual increase in profit will be over $250m
FMG savings by repaying debt early$140.00 @ 9.00% = $13.0b$1.0b...
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