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Author: ytm One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35400  
Subject: ALERT: CEJV Bonds Redemption 3-1-2012 Date: 2/14/2012 12:33 PM
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Might be a little arb play here. Am I reading this correctly, that they have some cash and just got a new offering that is going to take out the current float that redeems in 2 weeks? IF this is the case, the bonds are trading at an 8% discount par right now. Someone just grabbed $50000 face on the ask.

CEJV announced a new $120MM offering that will be used to payoff the upcoming March 1st float. S&P cut them, but that is not my concern if in fact the new offering is a new float, unlike the River Rock where they replaced the excisting bond float with a brand new bond float.

http://www.reuters.com/article/2012/02/06/idUSWNA95522012020...
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