3 ms·
How much did this really cost them? It is essentially a prepayment for something they were already going to pay So, given the time value of money this cost the
by vmception 6y ago
How much did this really cost them? It is essentially a prepayment for something they were already going to pay
So, given the time value of money this cost them closer to 2%/yr of that balance?
- IshKebab 6y agoThey essentially bought the debt at face value whereas its market value is 42% so they lost 58% of $500m or $290m.