Melbournes Prime Trust solves its short term funding challenges
Prime Trust has successfully obtained an extension of its largest business loan ($150 million) to March 2010, meaning it is no longer due for payment now. They had to pay an extra 0.95% margin over the basic bank funding rate but this has been...
Prime Trust has successfully obtained an extension of its largest business loan ($150 million) to March 2010, meaning it is no longer due for payment now. They had to pay an extra 0.95% margin over the basic bank funding rate but this has been cancelled out by the drop in market rates saving them what would have been $4 million in additional interest.
