toro interest rate on debtwith gcm B+ rating, look at what the interest rate can possibly be
https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ratings.htm the spread of B+ rating is only 3.51%.
add that to the risk free rate of T-bills and that comes to a very low interest rate, vastly lower than gold note rates.
with the present low interest rate environment, even junk bonds have low interest rates.