I bought another USD100k notional of Macquarie 6% USD 2020 as my eleventh trade.
At a client price of 108.386, it works out to:
YTM = 4.57%
I will be using the sale proceeds from IDG to largely fund this purchase with the remainder made up of USD loans.
Assuming this bond is fully supported by USD loans up till the approved lending ratio, the projected Net leveraged YTM is 32.15%.
Rationale for purchasing this bond can be found in my earlier trade post on Macquarie bonds.
Wednesday, February 6, 2013
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment