REU 0.00% 0.5¢ rubicon europe trust group

reu v rat, page-3

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    REU have CRE loans out. the MCP portfolio pays 3.5% interest plus LIBOR.
    However, I am not sure what that means....as I was told that it meant that REU gets 3.5% minus libor which is paid to Credit Suisse. Since LIBOR is 1.75% that means REU only get 1.75% profit. Small bickies.
    Anybody got some more into on this calculation.?
    Thanks
    RAE
 
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Currently unlisted public company.

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