Crown series 1 notes “outstanding”: Bells

07 August 2017

 

According to Bell analyst Damien Williamson, Crown series I Notes (ASX code: CWNHA) are more than worthwhile. He says the full year’s profit result “underpins the outstanding value currently provided by CWNHA” as Crown’s net debt has been reduced to only $174 million at the end of the financial year. “The 5.00% issue margin on CWNHA equates to expensive debt for a cashed up Crown…This virtually ensures Crown will redeem...

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