TSX:STB.DB.A - Post by User
Post by
outbasketon Jan 19, 2016 10:00pm
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Post# 24474957
Debentures
Debentures
I noticed the debentures STB.DB.U are down to 76 and falling fast. They only have 2 1/2 years till they mature. Any thoughts on the ability of STB to refinance those debentures? Mr. Market is either irrational or is predicting the company will have difficulty rolling the debentures over.. Yield to Maturity is 18% which is better than the stock. I think those debentures can be converted to stock at a 5% discount if they can't come up with cash. The stock price would probably plummet if that occurred.