RE:RE:RE:RE:RE:RE:RE:RE:Further Improved Bond BidAn extremely valid point. In choosing payment in kind they are allowing it to compound. It is expensive debt as it is and it would be smart to pay the coupon in cash and prioritize this particular debt for retirement. Like a mortgage payment, paying some extra upfront saves you a disproportionate amount in the long run.
Stratocheif wrote: Ya. Tell me something I don't know. This is 10.75% interest. One would argue its good to pay it off. But knowing them they don't care ...even if that debt doubles or triples or whatever, they will never pay anything because in the event if restructuring or liquidation, the pik bonds are at the end of the lime behind other creditors so whoever holds them gets zero