The Motley Fool Discussion Boards
Investing/Strategies / Bonds & Fixed Income Investments
|Subject: Inmet||Date: 2/22/2013 10:28 AM|
|Author: LONGREITS||Number: 34795 of 35351|
Take a look at Inmet's 7.5's of '21.
Issuance of $500 million in senior unsecured notes
On December 18, 2012, we issued $500 million in senior unsecured notes, the proceeds of which will be used to fund development of Cobre Panama. The notes bear a coupon rate of interest of 7.5 percent and mature on June 1, 2021.
Inmet has tremendous assets and a rock solid balance sheet.
A 6.96% current yield and slightly lower YTFC, which 12/16, so almost 4 years of call protection.
I think this bond is mispriced based on Inmet's creditworthiness, character, and collateral.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|