CER
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0.00% 32.0¢ centro retail group

Also if CNP wants to redeem to hybrid, it would have to pay the...

  1. moyanous
    102 Posts.
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    16/01/09
    12:36
    Post #: 4698941
    Also if CNP wants to redeem to hybrid, it would have to pay the banks the maximum of (i) the amount oweing on the hybrid, and (ii) the current CNP share price.

    So if the SP rises CNP would have to pay more to redeem. The banks win in any case.
    CER Price at posting: 9.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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