TLW LN: Thoughts about tomorrow's Interims
Would you own the debt? Implied value at market price of debt is pretty low and would benefit from a potential equity raise?
I think the 25's look interesting given that TLW will be keen to take them out and likely fund with equity. Obviously you would be short the shares and long the 25 note in this scenario...there's a nice fat YTM there last time i looked
Would you own the debt? Implied value at market price of debt is pretty low and would benefit from a potential equity raise?
I think the 25's look interesting given that TLW will be keen to take them out and likely fund with equity. Obviously you would be short the shares and long the 25 note in this scenario...there's a nice fat YTM there last time i looked