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Gimme Credit Likes Nortel Bonds

Started by Mark Evans · 7 months ago

Nortel sold $2-billion of high-yield bonds in July to, in part, retire a $1.3-billion bank credit facility. Gimme Credit said the 10-year bonds with a yield of 10.5% are pretty attractive to investors. “With ample near term liquidity, this bond looks interesting for aggressive accounts seeking yield, but we will need to reasses this name [...] ... Continue reading »

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