Post by kris on Nov 21, 2018 14:47:06 GMT
I've just been reading an article in Nov's towpath talk page 5." Boating's contribution to the NHS of the waterways." I've been looking for an online version so I could paste a link to it, but I can't so if you don't believe me you will have to read a paper copy.
Anyway the bit that caught my eye is near the top of the second column. " 13 long term bonds had been issued in three tranches of £50 million each with an average 30 years' fixed interest of 3%." So if this is the £150 million that cart borrowed from the money markets this year. (Its not clear from the article that it is, but where else would cart get £150 million to invest?) How can it make a profit at only 3% return? I'm assuming cart must be paying interest on the loans. I'm not a financial expert so I don't understand, but it looks like cart are becoming an investment company and moving away from being a navigation authority.
Anyway the bit that caught my eye is near the top of the second column. " 13 long term bonds had been issued in three tranches of £50 million each with an average 30 years' fixed interest of 3%." So if this is the £150 million that cart borrowed from the money markets this year. (Its not clear from the article that it is, but where else would cart get £150 million to invest?) How can it make a profit at only 3% return? I'm assuming cart must be paying interest on the loans. I'm not a financial expert so I don't understand, but it looks like cart are becoming an investment company and moving away from being a navigation authority.
