Bagso.
If they have a lower gearing % -Mean that MAG carrying a smaller debt to investment ratio.
Means as an investor MAG are a lower risk than HAL at this time.
What doesn't mean through is your return on said investment will be greater.
Pension funds will like this gearing level in their portfolio for mid term money- hence over subscribed.
Money raised may go infrastructure and pay down of those Australians fees .
We are likely to see more of these bonds in years to come.
MAG Group will be run of debt from now on.