I understand that the loan is from Chinese banks. The loan is in...

I understand that the loan is from Chinese banks.

The loan is in $USD as advised by KML to GBG and goes until 2030 from memory.

There has been no announcement as to the interest rate on the loans. That is a black hole as far as GBG shareholders are concerned. The loan is $US1.481b. If it was 3%pa then that's $US42m interest pa. Also there may be a repayment of principal too which is another $US42m pa.

FMG had loans and I understand the rates they were paying were in the order of 8% - but I would have to go back and check.