RHG 0.00% 50.0¢ rhg limited

rams has refinanced, page-32

  1. 1,694 Posts.
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    According to Moody's:

    The $250m is made up of notes as follows
    242.5m rated Aaa - market participants are now saying indicative pricing at 53bp rather than 52.
    3.5m rated Aa1 and 4m rated Aa2 priced around 120bp above BBSW.

    The notes are likely to be 30 year notes and Moody's suggest finalisation of pricing within a week (say 3/10) settlement a week later (10/10). Apparently NAB is leading the issue.

    Moody's are known for being very conservative and I still think that we may see pricing much sooner - I for one would want to be in the stock before final pricing is announced.
 
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