RE: NB Global Monthly Income Buys Cineworld Debt16 Jan 2021 17:21
BOOM!!! There is the post I was waiting for to show who really has the lack of knowledge in financials and averages.
Others will realise this, but to put you out your misery. If part of something is at 11% and the overall total is at c.4.5% then some MUST be below 4.5% That is averages!!!
Made my year already, thanks duhduhdumbo!!!
"@Funinvestor
Duh, because approximately 4.5% does not mean below 4.5%, it could be above 4.5%.
Also, because Cineworld's debt rating is non investment grade JUNK status. Any new debt Cine secures is expensive, hence the 11% $250 Million secured loan in June 2020."