is this news fatal, page-6

I sold today. Now the weakest of the Rubicon Trusts by a mile. Gearing is now 85% and they are in breach of covenants. Zipper I suppose you were joking suggesting RAT will get better terms. No one does these days: BNB/CNP/CER. They'll pay a couple of percent more (RJT went up to 15% on their prefs!) and move from very long term to short term rolling term contingent on asset sales. This was a shame. Hope REU and RJT are in better shape from an asset revaluation perspective.