BBSW is the Bank Bill Swap Rate. The loan rate between banks overnight. In Australia this is currently at 0.89%. So that plus 1%. 1.89% works out around A$40K per quarter.
Looks like some sort of a sale of Nifty assets is in the pipeline but they can't say anything yet? Paterson is hot.
News: MLX APAC Resources Says Unit Entered Facility Agreement With Metals X, page-2
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