BBSW sitting at 4.6150%. Add the margin of 4.75% and that's a $9.365 gross annual dividend = 10.55%pa yield.
Sure redemption isn't likely, but this is a phenomenal yield for a company (i.e. SGH) that will have a higher dividend cover than the current company (SEV).
Ann: Releases Scheme Booklets , page-5
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