RE:RE:RE:RE:RE:bond 7% Concordia Healthcare Corp. (2023) at 14.60The bonds will be at the core of any restructuring of the Company. Therefore you should expect a faiar amount of bonds to be exchanged for shares, possibly giving bondholders a major stake in the Company.
The price of the bonds are not reflecting much confidence in the Company's future.
I hope for you that your holdings are less than 5% of the total, but you seem very anxious and are in at a too large holding. It is impossible to say whether one should buy, hold or sell at this point in time.
Who knows, there might be a positive surprise in store for both bondholders and stockholders, but given the bond prices, the market is sure saying NO.