shimself
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Post by shimself on Sept 5, 2019 19:05:42 GMT
International personal finance (IPF on ftse) this bond is XS1054714248
Maturity date apr 2021, 18 months time/ YTM 13% It doesn't look to me at all like they're going bust but the share price has halved since May so there are def problems. Fool says that it's to do with legislation in Poland (and elsewhere?) cutting down on usury (loans at excessively high rates, think Wonga), ie they are less profitable but not in trouble.
In €uros, but that suits me
I'm somewhat out of my depth; is this too good to be true?
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jlend
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Post by jlend on Sept 5, 2019 20:07:59 GMT
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Nomad
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Post by Nomad on Sept 5, 2019 20:59:08 GMT
Some discussion of the 7.75% bond here.
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jlend
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Post by jlend on Sept 5, 2019 21:18:58 GMT
Yep as per the article new listings on the LSE ORB market basically dried up some time ago.
There were and are simply cheaper ways for most companies to raise cash.
Shame the market dried up. I have a few bonds left on this market, including Unite and Intermediate Capital Group which mature next year and will need to find a home for that money.
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jlend
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Post by jlend on Sept 6, 2019 10:41:29 GMT
Just in case anyone is confused coming to this thread.
The 13 % is the rate till the bond matures with the coupon reinvested.
This bond is not paying the equivalent of 13% a year.
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