AUD hovering around a 5 year low range so doing a deal like this in USD might be a wise move.
If the AUD appreciates over the next few years the interest payment will reduce.
I'd imagine this is a hedge as the business performs better if USD is lower but interest payments are higher and vice versa.
AUD hovering around a 5 year low range so doing a deal like this...
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Last
$1.00 |
Change
0.010(1.01%) |
Mkt cap ! $952.1M | |||
| Open | High | Low | Value | Volume |
| 98.5¢ | $1.01 | 97.5¢ | $2.315M | 2.332M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10863 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 26514 | 4 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| PRN (ASX) Chart |