| Latest Forum Topics / LMIRT n4.1%200622S |
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This bond to be refinanced soon....
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destinykraze
Elite |
18-Jun-2019 12:39
Yells: "Reality is only a matter of perception" |
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In normal circumstances, this junk bond wouldn' t be too bad or risky. But if the trade war prolongs, global economy forecasts recession in another half a year. If you looked it up, during recession period, junk bonds of this grade can have default rates of around 20%. |
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destinykraze
Elite |
18-Jun-2019 12:26
Yells: "Reality is only a matter of perception" |
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It is a junk bonds with also recent credit downgrades on the coy itself. but it is safer when you compare it to hyflux perp. bond. The upside is that they are offering a discount for these units. 98.9% something. you would need to dyodd.
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chengwh1
Elite |
17-Jun-2019 14:24
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Yeah,.... but another name for this is : High-Yield Bond,... in dropping interest rate environment,... JUNK Bonds my stand...
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john_ric
Supreme |
17-Jun-2019 12:11
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7.85% is high. another junk bond ?? | ||
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chengwh1
Elite |
17-Jun-2019 09:35
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LMIRT" s latest USD Bond Offering of 7.85% will be used to refinance this bond here,... as per a paragraph from a recent related article.... " Proceeds from the new issue will be used towards working capital and refinancing existing debt, which includes LMIRT&rsquo s S$120m credit facility and their S$75m LMRTSP 4.100% 22Jun2020 Corp (SGD). LMIRT is rated &lsquo Ba3&rsquo by Moody&rsquo s Investors Service and expected to receive a &lsquo BB&rsquo rating from Fitch Ratings." So,.. no prob,...LMIRT is not defaulting.... |
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