(17-02-2020, 01:04 AM)angelzsoul Wrote: "An unsecured 10-year bank term loan facility of $117.75 million was utilised to fully redeem the remaining outstanding Company's Bonds of $117.75 million on 17 Apr 2019. The bank loan shall be repaid in quarterly instalments of $1.54 million per quarter, and interest calculated at the prevailing bank's offer interest rate on the outstanding loan balance. Any amount of the loan outstanding at the end of 10-year term is available for further refinancing"
1.54m * 4 quarters * 10 yrs = 61.6m < 117.75m
did I miss anything out?
Thanks in advance.
The bold part answers ur question.
Quite a good deal with OCBC, imo, esp on an unsecured basis.