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But interest rates will likely be cut substantially before most of the REIT debt needs to be refinanced.
Interest rates on the refinanced bonds ranged from 4.0% to 5.0%, while the borrowing cost for the new bonds ranges from 2.0% to 2.57%.
Much in line with the plan, the company has successfully refinanced its 2024-due notes as of March 9, enabling the company to meet its short-term obligations and complete the planned investments in e-commerce and presence in Europe and Asia.
Of the total bond debt, some $7.6 trillion has to be refinanced this fiscal year, to which must be added the financing of the budget deficit.
Source: https://www.lewrockwell.com/2023/12/alasdair-macleod/underestimating-debt-traps/
She could have sold the place and used that money to pay her taxes, refinanced her mortgage or worked out a payment plan, the county's lawyer argued.
So the office -- and then you have retail that a lot is being refinanced already, industrial, the other segments, they’re fine.
That means that $67.5 billion out of Brookfield’s $223.6 billion in total debt could face higher costs when it has to be refinanced.
Source: https://seekingalpha.com/article/4644834-brookfield-mind-the-interest-rate?source=feed_all_articles