New 8% bond, matures August 2018. A good buy?

kaya Member of DD Central Posts: 1,150 Likes: 718	New 8% bond, matures August 2018. A good buy? Dec 13, 2016 14:25:48 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by kaya on Dec 13, 2016 14:25:48 GMT An attractive looking 8% short term Travelex bond is now available, and it appears to be selling fast. Does it seem like a good buy to you?

rick24 Member of DD Central Posts: 244 Likes: 138	New 8% bond, matures August 2018. A good buy? Dec 13, 2016 20:05:59 GMT shimself, locutus, and 1 more like this Quote Select Post Deselect Post Link to Post Back to Top Post by rick24 on Dec 13, 2016 20:05:59 GMT Check out the Moody's downgrade (https://www.moodys.com/research/Moodys-downgrades-Travelex-CFR-to-B3-outlook-negative--PR_354574)

kaya
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New 8% bond, matures August 2018. A good buy? Dec 14, 2016 10:06:20 GMT locutus likes this

Quote

Thanks for that rick24

You need to be registered to see that report, so if you can't be bothered registering (like me), then alternatively look here :
www.travelex-corporate.com/uploadedFiles/Corporate/Static_Pages/Investor_relations2/Rating%20Action_Moody's%20downgrades%20Travelex%20to%20B3_05-Sept-2016.pdf

Always a bit concerning when cash speculators are running out of cash!