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5.50% $1.06 transfield services limited

re: Ann: TSE prices US$325m of senior unsecur... US$325 Mil -...

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  1. 68huey
    112 Posts.
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    08/05/14
    15:12
    Post #: 13340898
    re: Ann: TSE prices US$325m of senior unsecur... US$325 Mil - The notes will have a coupon of 8.375% and will mature on 15th May, 2020

    How does this work? is that 8.375% a year or on Maturity in 2020? If on Maturity does that mean they've borrowed money @ 1.396% non compounded a year roughly?

    Seems like cheap money if the case...
    TSE Price at posting: $1.09 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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