No. of Recommendations: 0
CUSIP for bond is 12545DAB4, CHC Helicopter, in Canada.

9 1/4% coupon, 10/15/2020, priced about 108 or 9. I think it said present yield to maturity came to 5 or 6%.

Anyways, I got a note from Etrade that there is a "lottery" starting by the company for this bond, so I should be careful about selling my holdings to prevent a loss.

The note did not say what the terms of the lottery were. All I could find out was that the bond is not callable for another year.

I looked at their webpage. CHC Heli is doing an initial public offering (IPO) of shares of the company. I think it said symbol will be HELI. I could not find a prospectus for the IPO on their web page. I can only guess that some part of the IPO proceeds will be used to buy back the bonds.

I fired off an email to them to find out the terms of the "bond lottery."
I don't know if any of these bonds can be found on any broker's bond desk. If interested, you can probably check it out. Maybe or maybe not you could get a nice quick capital gain.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.