Corporate Bond??2 Oct 2013 13:12
Hmm - unsecured debt at 7.25% - i will have to look at other corporate bonds and their returns although I suspect the return here will be higher due to the high level of risk!!
On the plus side I am pleased to see additional funds being raised without dilution however do not forget any investment made with these funds has to produce a return in excess of 7.25%.
Going forward EBITDA should benefit from this but PBT and EPS will be hit in the short term, despite corporation tax being reduced.
So I go back to my initial thought hmmm. More research needed....