Nomad
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Post by Nomad on Apr 15, 2018 13:21:34 GMT
I'm looking at the New Day Feb 2023 Senior Secured floating rate notes. There is substantial availability.
The company's 2017 annual accounts seem quite positive overall.
The estimated YTM is showing 8.6% - seems attractive - what am I missing? [having not read the 461 page prospectus!].
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macq
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Post by macq on Apr 15, 2018 14:18:18 GMT
I'm looking at the New Day Feb 2023 Senior Secured floating rate notes. There is substantial availability. The company's 2017 annual accounts seem quite positive overall. The estimated YTM is showing 8.6% - seems attractive - what am I missing? [having not read the 461 page prospectus!]. This is not the first time they have been offered and this part of the note was offered on about the 9th of April so a fair bit has gone.They were popular before and like you say they look ok.One risk might be the fact they offer finance in the retail market which is a bit up and down on the high street but they are secured (hows the reading going? )
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Nomad
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Post by Nomad on Apr 15, 2018 14:29:18 GMT
[having not read the 461 page prospectus!]. This is not the first time they have been offered and this part of the note was offered on about the 9th of April so a fair bit has gone.They were popular before and like you say they look ok.One risk might be the fact they offer finance in the retail market which is a bit up and down on the high street but they are secured (hows the reading going? )Got sidetracked by the Arsenal match...
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macq
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Post by macq on Apr 15, 2018 15:17:38 GMT
This is not the first time they have been offered and this part of the note was offered on about the 9th of April so a fair bit has gone.They were popular before and like you say they look ok.One risk might be the fact they offer finance in the retail market which is a bit up and down on the high street but they are secured (hows the reading going? )Got sidetracked by the Arsenal match... you may have been better off reading
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