Something to watch out for!Edcon Holdings bondholders are signalling that the retailer needs a debt overhaul. Yields on the clothing merchant’s callable June 2019 euro-denominated notes jumped to a record 66.3% yesterday, climbing more than 25 percentage points over the past three months, according to data compiled by Bloomberg. The $501m of bonds issued in November 2013 are the worst performing of all high-yield corporate securities this year, the data show.- Fin24
Posted on: Thu, 15 Jan 2015 05:45:24 +0000
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