Trading halt pending announcement on financial support from Bright Dairy.

https://www.nzx.com/announcements/428715

Convertible note issue of $150m to Bright Dairy? Say $150m at 5% pa convertible to SML shares at 75c (subject to shareholders' approval) - will deliver control to Bright Dairy in 2027.

Interesting crossing of SML bonds yesterday - 860,000 bonds crossed at 80c (37% yield to maturity) so who was the buyer?