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Bonds selling below par is common, so this article with very few details doesn't say much. IIRC Twitter LBO bonds were getting an average of 9.6% YTM when rais
by BJones12 2y ago
Bonds selling below par is common, so this article with very few details doesn't say much.
IIRC Twitter LBO bonds were getting an average of 9.6% YTM when raised, and had maturities from 2027 to 2030. Selling at 90-95 means an increase in the yield of about 2% (napkin math says 1%-5%).
- deleted 2y ago[deleted]
- Alive-in-2025 2y agoSo what does this mean for the value, not sure how to put this together. Would be useful to put it all together into something like: Original debt of twitter buyout lost x%, with this latest sales it down overall to y%?