Buy @ $1.38, $1.37, $1.355, $1.35
Cheap is getting cheaper… STI -33.08… suddenly, fear is in the air…. 😀
After mkt closed, SGX Annc on their refinancing of all existing Borrowings. Once it is drawn down to repay all existing borrowings, all their assets will be unencumbered. My understanding is, this means, the assets can be used as collateral (encumber) for additional borrowings, which can in turn be used for further acquisitions. But, this means the unencumbered borrowings may be subjected to higher interest rates. We'll have to see and compare the borrowing rates when it's announced (when drawn).