In the announcement on the ASX, they say the effective interest...

In the announcement on the ASX, they say the effective interest rate is 9% (p/a?), does anyone think this is a little high considering rates in the US are almost like zero......

Whilst i'll be happy to see the backs of the shorters and head back to over $3, i've held my nerve and not sold for a pittance, once im passed the last share raising pricing, i think i'll be bailing on this stock... Which effectively they've borrowed my money at almost 0% given the last couple of years of lean dividends....

Below is the extract from the company announcement for the fund raising..

As a guide the Company’s effective interest rate across all debt facilities will increase by approximately 150
basis points to circa 9.0 per cent (inclusive of coupon rate, transaction costs and swap charges). While this
represents an increase in interest rate, over
all business expenses in FY2015 are not expected to be
materially higher than FY2014 given that the higher interest rate is expected to be offset by a lower level of
debt and a lower cost base.