1.What is the st at which HAG is borrowing through the Singapore note issue (ignore taxes)?
2.What is the likelihood that HAG will be downgraded within a year from its B rating from Standard & Poor’s?
3.Is the level of borrowing of HAG, after the note issue, going beyond the optimal level of borrowing?
4.How will the risk to HAG’s equity be affected by the issue? Will the stock price go down? Is it time for the brokerage firm to offload its equity
holding in HAG?
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