FRS13 standard proves lucky for Minerva debt

By James Whitmore, James Whitmore8 October 1999

Chief executive Andrew Rosenfeld revealed this week that the value of Minerva’s debt is actually less than the actual debt, and this would increase net asset value by 1.3p a share. The average cost of Minerva’s fixed-rate debt, which accounts for 98% of total borrowings, is 7.5% a year.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Register for free to finish this article.

Four FREE articles of your choice per month
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue