Note that: "A portion of the Loan is subject to syndication on normal market conditions". So we are not completely there yet.
My calculations for how this will affect DPU:
- Quarterly borrowing costs (from 3Q08 results) will rise from 3.1m (@3.1%pa) to 6.6m (@6.6%pa).
- Reducing their revenue by 10% to account for the recession, and following my previous calculations (here and here), I get a yield of 3c per share.
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