RE:RE:RE:Useful Actionable information from Hulot............Gabriele1965091 wrote:
I have 200.000 usd in bond Concordia 2023 7% at 60...what your opinion?thank you
You will find out in a few short weeks when the numbers come out. Your note is unsecured and the market is telling you something at 60 cents on the dollar.
It could be a huge return - or this could fall on the wrong side of any recapitalisation down the road. Either way - your holding is better than the common stock.
At least you are getting paid handsomely to wait things out. your yield is 12 - 13% and they won't be going under for at least a couple of years. I personally would climb higher up the capital food chain and accept an effective yield of around 10% on the secured............