Cant remember the exact details - but hedging that is due at the moment cant be refinanced because lenders cant see the picture of their assets - but the risk was something like exposure to AUS interest rate changes by 60% US Interest rate changes 40% if I recall - Don't quote me - best to check it.
But that is compounded by US rates and AUS rates being a natural hedge against each other at the mo so the risk is lessened to a degree because it is expected that AUS rates will go up less than US rates go down.
Hedging that is not due at the moment is unchanged.
The details are in their announcement on hedging from a couple of weeks back
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Cant remember the exact details - but hedging that is due at the...
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