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