RE: U.S. and China High-level Trade Talk Scheduled in Oct5 Sep 2019 15:36
I would guess by the time we need more funding in 18 months or so time, regardless of how the first batch were sold.
SXX would have a better credit rating, i.e. they have been paying the coupon on the HY and convertible bonds.
additional ~ 1 billion funding from HY, convertible Gina and 500m - 1 bil available on the RCF so approx. 2 bil which would have been spent mostly on mine development, so a bigger asset to secure debt against.