RE:RE:RE:Total debt is now up to... or down to...?Check your math. The tender offer reduces annual interest by approx $116M/yr.
This is the all important question. In order to pay out the remainder of the 2021-2023 debt, BBD will need to raise approx $1.5B, likely later this year. It will be interesting to see what rate BBD will be able to obtain.
Jim
Shamhorish wrote: i think what is important too is the reduction of annual interest paid on long term debt
by tomorrow, when they complete the tender offered, i think (if i am not mistaken)
annual interest paid on long term debt is reduced by about (180 -200) millions $
and this is significante
i think rating agencies will upgrade bbd rating,
then bbd can borrow billions in lower rate
then bbd can make another offer and buy back what is left of 2022,2023 long term debt
i hope i am not wrong!!!!!!!!!!!!!!!!