The rise is in part due to the chance that MXU will redeem SITES at face value next year. Allowing the hybrids to step up will make sense financially for the company (i.e. SITES are a cheap source of funds given the high corporate bond spreads) but will cause reputation damage IMO.
MXG
multiplex group
The rise is in part due to the chance that MXU will redeem SITES...
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