Monday, January 4, 2016

Skyhigh Current Yields on EXXI Debt

Wow, a 70% current yield on the 2019 note! Who buys equity in a company with a 70% current yield?!


Coupon Last Px Current Yield Implied Coupons Before Zero Bond Recovery
12/15/18 3 6 50% 4.0
12/15/21 7.5 12 63% 3.2
06/15/19 7.75 11 70% 2.8
03/15/24 6.875 15 46% 4.4
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3 comments:

  1. eahJanuary 5, 2016 at 4:28 AM

    Daytraders.

    ReplyDelete
  2. jHurtFebruary 4, 2016 at 2:15 PM

    Has dropped to 1-2% of face value. Next interest is due in june i believe?

    ReplyDelete
  3. CPFebruary 4, 2016 at 2:18 PM

    The 3% note is offered in big size for 1.5c or less - 200% current yield now!

    There are other interest payments due 2/15 - wonder if people are worried about those?

    ReplyDelete