RE:RE:RE:RE:RE:Bond Market...and I also think U meant they R YIELDING 10.25%. Cxrx is considered speculative, not investment grade (B S&P rating).
YourMindIz wrote: Sorry... should have said 'bonds were issued at PAR'
YourMindIz wrote: sunshine7 wrote:
thanks Scruggs. Where can one find cxr bond prices?
I asked my broker, as they traded over the counter in the US. Last price I got a couple of weeks ago was 87cents (RBC and 6 year bonds were issued at bonds). A high bond yield, expecially in the current record low gobal bond market, indicates extremely high risk. These notes were trading at 10.25% yield and that says high risk in my book. I am not sure what they were at when the CEO made his statement, but I would exercise caution if you were thinking about buying the 6 year notes. If you are not concerned with the company's viability, then they certainly look good.