04-09-2018, 08:52 AM
(03-09-2018, 06:09 PM)theasiareport Wrote: Interestingly enough, its bond are trading almost near par after dropping to about 92 cents on the dollar in 2017.
https://www.bondsupermart.com/main/bond-...6TD3000006
In 2017 the manager did not have the share issuance mandate. In 2018 they got it back and so if dirt hits the fan, a quick placement/rights at a huge discount will solve the pblm.
Bond holders will rejoice @ expense of equity.