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Debt for equity: Afterpay doesn’t break all the rules – The Australian Financial Review

For all new ground payments tearaway Afterpay seems to be breaking, it’s good to know that some things never change.

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Citi was on to the story early – as shown by its balance sheet support, and remains its biggest backer.
The bank provides $200 million of Afterpay’s $500 million Australian warehouse funding facilit…

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