Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
You indicated on Wednesday's email that the "lower end...equates to 6.95% grossed up for franking." I was under the impression that for hybrids generally, any rate quoted (plus BBSW) was INCLUSIVE of any franking component. Definitely this is indicated on the NABPI term sheet
Hi Tony,
Yes, we mean the same thing. Grossed for franking means inclusive franking.
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