AUD hovering around a 5 year low range so doing a deal like this in USD might be a wise move.
If the AUD appreciates over the next few years the interest payment will reduce.
I'd imagine this is a hedge as the business performs better if USD is lower but interest payments are higher and vice versa.
AUD hovering around a 5 year low range so doing a deal like this...
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Last
$1.01 |
Change
-0.005(0.50%) |
Mkt cap ! $956.9M | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.01 | 99.5¢ | $858.1K | 856.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13238 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.01 | 24999 | 1 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$1.01 |
Change
-0.005 ( 0.79 %) |
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| Open | High | Low | Volume | ||
| $1.01 | $1.01 | 99.5¢ | 393832 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| PRN (ASX) Chart |