AstonishingAnother side of this news is the appetite for the Bombardier bonds.
The dec 2026 bonds ask yield is at 7,97% even for a retail buyer. I just watch on the TD web broker site and it is the return offered for this 5,5 years bond , minimum 5 000$.
They sold 260M US$ at par for a 7,45%, 2034 bond. And Bombardier has a CCC rating !!!
They can have friends but money is money and no one left money on the table.
I have very positive view of this news.