Thursday, May 31, 2012

OTE BONDS

Additional dimension to yesterday’s post.


A friend friendly reminded that bonds might be safer, which is very true. OTE has issued enough of bonds - 4 issues. One may argue that if shares look good, bonds will be whole, though Mr. Market is not voting for that at the moment.

Maturity
Size, EUR
Interest
YTM
Coupon
Price of par
900m
Annually
23.2%
4.625%
55%
600m
Annually
36.3%
6%
56.5%
500m
Annually
41.9%
7.25%
60.5%
1,243m
Annually
44%
5%
69%

Just for information purposes…

Disclosure: no position.

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