Skip to main content
This Board Has Moved

This board has been migrated to our new platform! Check out the new home page at or click below to go directly to the new Board on the new site.

Go to the New Site
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Sort of a similar situation but with another issuer, 6.5's of 2023. Just today found out that it was called on April 7 - broker had problem with alerts, normally I get same-day notifications about calls - and should get a nice premium out of it come May 7. The company got about the same rate on the new issue. Probably just wanted to bump maturity by 5 years while rates are fairly decent for it although 7% is not that cheap. But that's probably pretty good if you're borderline CCC/B. I understand pricing and securing the new $400 million was a piece of cake, i.e. plenty of interest.

Oh and I've held this guy for just three months so a short one also. I may or may not have found a way to use the funds elsewhere already. :)
Print the post  


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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.