interest at 18% afr 7 nov

Who is this management borrowing at 18% from Singapore Govt, Are they a payday lender? Boys we really have an agency problem here what on earth do they think they are doing. Obviously Westpac found that they were not going to make enough money out of this!
Here we have a solid future revenue stream from Origin, a supposedly recapitalized company and this is the best they can do. And this fund is run by a bank Westpac. I smell a big dirty hairy rat here guys what do others think ?