Overview
Dexion Absolute’s discount control mechanism works by triggering a 25% tender every time the discount trades, on average, wider than 5% over the three month periods starting on 1 January and 1 July each year. The average discount over the first three months of 2015 was 6.4% and so the tender will happen – the Board are putting together the timetable for it now.
DAB / DABU /DABE : Dexion Absolute tender triggered