It's policy at Brookfield to structure debt for its various vehicles to be non-recourse to the parent company. Personally, i don't think MXUPA will be redeemed at face value come April 2010; as non-recourse funding will cost a similar margin in line with company policy. Interestingly, MXUPA is trading at a lower running yield than AAZPB which essentially reflects the market's expectation that the notes will step-up rather than be redeemed.
- Forums
- ASX - By Stock
- mxupa
MXG
multiplex group
It's policy at Brookfield to structure debt for its various...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MXG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online