Do I read the information on ASX for the new Flight Centre debt issue correctly? They are reserving the right to pay up to 35% interest to the employees who invest in this debt? That seems a bit rude to even try for that kind of return in an exceptional year. Are they trying to use this as a profit share plan? Seems like a strange vehicle for doing that.
What is the maximum issuance allowed? On first scan I couldn't see a maximum number of millions of dollars that could be raised by the unsecured note.
new bond offer
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Last
$17.51 |
Change
0.120(0.69%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.48 | $17.62 | $17.31 | $12.57M | 718.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8551 | $17.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.52 | 38 | 1 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
