This is am not sure about because should the AU$ tank against the US$, say they borrow US$400 @ .92c (which is AU$434 mil) at cheap interest rates (although they mentioned high yield bonds, what cost would this be?), and the AU$ tanks say 20%, your US$400mil just became AU$543 mil, basically a AU$100mil extra they gotta find...
Im not so sure this will be a good idea borrowing in US$ when they earn in AU$. However unless they plan to pay it back in US$ with their US$ earnings from businesses they have there i wonder...
Which in theory should quarantine it from the AU$/US$ volatility, assuming they earn enough US$ profits to make the repayments...
TSE Price at posting:
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