Q: Would like your opinion on the new debenture issue -is this a reasonable risk
for fixed income (5% max) or is the rate a red flag? How is the debt /cash flow ?
for fixed income (5% max) or is the rate a red flag? How is the debt /cash flow ?
5i Research Answer:
The rate is high (7.75%) but note lower than the debentures it is going to redeem (8.25%) so...