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by BJones12 515 days ago
Bonds selling below par is common, so this article with very few details doesn't say much.

IIRC Twitter LBO bonds were getting an average of 9.6% YTM when raised, and had maturities from 2027 to 2030. Selling at 90-95 means an increase in the yield of about 2% (napkin math says 1%-5%).

1 comments

So what does this mean for the value, not sure how to put this together. Would be useful to put it all together into something like:

Original debt of twitter buyout lost x%, with this latest sales it down overall to y%?