Interesting point, but in "bankspeak" it's irrelevant. Think about all bank loans that you or I or anyone else has. Banks always fund long-term debt (lending) with short term borrowing (capital markets Term Deposits etc).
As with all their loiabilities, they fund them by going to capital markets.....hence why I posted months ago that LIBOR was and is the credit crisis problem. Now LIBOR is fine so any liabilities that arise are easily funded.
Remember, every dollar you have in the bank is a liability to the bank. They owe it to you and pay it to you when you use an ATM.
Therefore no immediate opportunity cost to them by continuing Centro's facilities.
CNP Price at posting:
7.0¢ Sentiment: None Disclosure: Held
