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  1. #1
    Legend peat's Avatar
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    Whanganui, New Zealand.
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    Default VCT080.NZ - VCT 15/06/22 5.70% Vector Limited Bonds

    VCT080.NZ - VCT 15/06/22 5.70% Vector Limited Bonds

    These are capital bonds and so... they don't actually have to pay you back for 'kin ages. maybe never, not sure.
    But! there is some liquidity on market and the reset every 5 years and they will consider buying them off you or selling them on your behalf at that time.
    So if you are a true bond investor they could be useful.
    Better yield than some other bonds and a pretty highly stable company.

    But recently the've got cheaper (better yield) and I'm wondering if that's a part of the corona era or what?
    VCT080.JPG
    For clarity, nothing I say is advice....

  2. #2
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    Default

    I think a lot of people want out of everything at the moment

  3. #3
    Member
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    Auckland, , New Zealand.
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    Default

    I'm happy to hold onto mine

  4. #4
    Ignorant. Just ignorant.
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    Default

    There's the same spike in yield across a whole lot of the NZDX. PFI, IFT, CNU SUM included. I think we're seeing the dreaded "flight to quality" - after all, there's a corresponding dip on GOV390 and GOV410. . .

  5. #5
    Legend peat's Avatar
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    Default

    thanks GTM
    yes I can see it also in SUM010 except its even worse and they are now available around par.


    VCT080vsSUM010.JPG

    So the money thinks Vector is safer than SUM which is reasonable, but shows how SUM is now considered to have some chance of failure I guess.
    I wouldn't have thought so myself but stranger things have happened.
    Last edited by peat; 28-03-2020 at 02:10 AM.
    For clarity, nothing I say is advice....

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