I WONDERED ABOUT THAT

[Jon39]

We all know the feeling, well perhaps not, but that spoils the story.

A letter drops on the mat. You've got one year to pay up half a billion smackers, or else.
Income - not for a while. Piggy bank - not much in there. Oh dear.

Simple answer. Borrow more to repay the debt.

My specialist subject is not bonds, but might the proposed high proportion of borrowing in US Dollars, introduce an unnecessary financial risk? When there is substantial US Dollar income then that is fine, but otherwise unexpected foreign exchange movements, can sometimes disastrously magnify the debt owed (remember Freddie Laker).

http://www.nasdaq.com/article/aston-martin-hits-th...

https://www.bloomberg.com/news/articles/2014-05-05...