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|Subject: Re: Suntech Pwr’s 3’s of ‘13||Date: 3/13/2013 1:21 PM|
|Author: Hawkwin||Number: 34827 of 35576|
OK, what are we missing here (I know the answer but will go through my thought process first).
I can see from the trade history that it traded at $32 earlier today and has been steadily going down over the last year - but even at $85, it matures in two days.
Admittedly I know nothing about this company or their risk of default but it appears you can buy it today at $85 and simply let it mature in two days at $100.
So let's do some research...
Well, that didn't take long. ;)
(Helps that I posted about this earlier today one another board.)
WUXI, China, March 11, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's largest producers of solar panels, today announced that it has signed a forbearance agreement with the holders of more than