Post by ablrateandy on Jun 24, 2016 7:16:03 GMT
Just in the interest of clarity :
1. The containers are all bought in GBP and sold in GBP. There is no foreign exchange exposure for Bailrigg or C*******
2. The aircraft are all USD assets with the lessor (Phoenix) taking the foreign exchange risk. They are now significantly in profit as repayments just got a LOT cheaper.
3. All other loans are sterling liabilities with sterling loans in place
We have no reason to believe that any of our borrowers are immediately impacted in any way.
1. The containers are all bought in GBP and sold in GBP. There is no foreign exchange exposure for Bailrigg or C*******
2. The aircraft are all USD assets with the lessor (Phoenix) taking the foreign exchange risk. They are now significantly in profit as repayments just got a LOT cheaper.
3. All other loans are sterling liabilities with sterling loans in place
We have no reason to believe that any of our borrowers are immediately impacted in any way.