GREY:WFREF - Post by User
Comment by
wilwalon Feb 20, 2016 8:04pm
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Post# 24578674
RE:RE:RE:RE:RE:RE:RE:RE:RISK / REWARD
RE:RE:RE:RE:RE:RE:RE:RE:RISK / REWARDWhen you examine the detailed effort that Sinoenergy have put into this, it raises the likelihood that they will follow though to completion to a high probability.
It's little wonder that any deb buyer at this point can't buy any significant volume of debs until the high $60's. Clearly deb holders expect this to go through.
One thing deb sellers need to realize is that buyers will get all the interest back to August 2015. So an arb buyer could pay $75 and still make money on the deal. Normally, deb buyers and sellers exchange accrued interest but that changed in January when the interest payment was deferred/defaulted.