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Jonnymeg · 23-02-2011, 22:33

Yes, i think so.
I think it means that they issue bonds and pay interest on those bonds to the purchaser over the ten year period.
The money the rake in from these bonds will go to pay off bank loans that have greater rates and covenants attached to them.
So whilst they are still in debt they are reducing their interest payments and giving them greater flexibility.

Correct me pls if i am wrong.

23-02-2011, 22:33	#3
Jonnymeg Inactive Join Date: Feb 2007 Location: Here There And Everywhere. Posts: 520	Re: This is good news.....right? Yes, i think so. I think it means that they issue bonds and pay interest on those bonds to the purchaser over the ten year period. The money the rake in from these bonds will go to pay off bank loans that have greater rates and covenants attached to them. So whilst they are still in debt they are reducing their interest payments and giving them greater flexibility. Correct me pls if i am wrong.