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.
News: PRN Perenti Ltd Says Secured $350 Million From U.S. Bond Market, page-8
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Last
$1.01 |
Change
-0.010(0.98%) |
Mkt cap ! $963.2M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.05 | $1.01 | $1.644M | 1.590M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10916 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 8408 | 1 |
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| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
$1.02 |
Change
-0.010 ( 0.37 %) |
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| Open | High | Low | Volume | ||
| $1.03 | $1.05 | $1.02 | 397146 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| PRN (ASX) Chart |