re: Ann: US$75M Investment by Standard Charte... did you read the cleansing document?
The issuer is Energy World Philippines (EWP)
The note is $50m + $25m.
The tenor is 5.5 years
If the notes are converted to EWC shares: The strike is $0.50. So fully diluted the capital costs about 160m shares.
If the notes are converted into EWP shares (if listed) then $75m gets them 37.5% of EWP.
While is it clear that they get a slice of the equity it is not clear how much debt EWP is allowed to raise. The % indicate that EWP will have $200m of equity. This would make sense if EWP is - which makes sense ie 600mw @ $1m per MW = $600m. $200m equity means $400m debt. This is not perfect because some equity money has gone into the recieving terminal. So it might be $200m equity, $500m debt. The additioal $25m looks as if EWC are giving themselves some headroom shold earnings/other capital not materialise.
- Forums
- ASX - By Stock
- Ann: US$75M Investment by Standard Chartered Priv
re: Ann: US$75M Investment by Standard Charte... did you read...
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EWC (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.24M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 33037 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 535695 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 97 | 0.095 |
3 | 311964 | 0.094 |
1 | 300000 | 0.093 |
1 | 25000 | 0.092 |
3 | 54000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 20355 | 1 |
0.097 | 3101 | 1 |
0.099 | 60000 | 1 |
0.100 | 71326 | 2 |
0.105 | 220678 | 4 |
Last trade - 10.02am 04/12/2024 (20 minute delay) ? |
Featured News
EWC (ASX) Chart |
Day chart unavailable