Terms of the new Mercury Bond issue 5.73%, not too bad for a bond. I put my hand up for a few and hope I get them.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
If its around 5.5% I'll probably put my hand up for a few.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
It appears there is no option to roll over the current bond due to timing.
I think Genesis will have annoyed a few current investors by doing this (me included).
Will just have to hope for some bargains to be around after the 9th June to spend my money on.
Terms are out for the new Green bond issue for Genesis. Minimum rate 5.35%. They are unsecured and rank behind more than $2 Billion in more secured debt. Looking at the overall structure of the balance sheet I prefer the extra 3% gross yield on the shares and will put my hand up for more of those instead.
P.S. Might get a few of these bonds too.
Last edited by Beagle; 29-05-2022 at 07:54 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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