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CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

Chemicals Specialty Chemicals


TSX:CUS.DB.D - Post by User

CANEXUS CORP 6.5 PCT DEBS > Con Sub Deb
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Comment by Khersonon Jan 16, 2016 11:54pm
157 Views
Post# 24465938

RE:RE:Con Sub Deb

RE:RE:Con Sub Deb
cobwebs wrote:
seriousinvest wrote: I fdon't understnad why they are not trading at least at par.  Superior's bonds are trading at par with interest rates 2/3% lower.  Am I wrong in assuming that Superior will assume the debt(the conversion privilege is way out of the money)?


superior has the obligation to buy back the debt when the deal closes.


Provided Canexus doesn't go bankrupt before the deal can close...
Too funny...
Kherson

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