Sherritt International Corp T.S

Bonds!

[Contrarian333]

SCN    8½   26	67.000	-	75.000
SCN    10¾  29	43.000	-	48.000

[Ventoux]

Thanks for keeping us updated!

[Maxmoe]

Interesting. You own either one? Any noteworthy features? I assume subordinated, no put feature, no sweeteners, just typical junk rated bonds? 20% compounded yield to maturity for the 26ers is tempting but the 30% ytm for the 29s just might fit my tfsa. You come across any research report anywhere on the bonds?  

[Ventoux]

The Trust Indentures for both notes can be found in the Sherritt International tab on SEDAR.com, (I assume you are familiar with the site) specifically on September 1, 2020. Two items labeled as "other", one 591K, the second 828K.

[Contrarian333]

Yes, I own both.

[thenorthvanman]

Hopefully S has been retiring some of those bonds.

[Maxmoe]

Assuming the trust indenture AND banking restrictions allow it. Friggin banks can restrict this for as little as a line of credit or corporate credit card. I screamed until I was purple about athabasca oil ATH, buying back their bonds that traded as low as 20 but the bank would not allow it. They had to roll at 100.

[hurko5]

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