TIM 0.00% 4.4¢ timbercorp limited

timpb conversion, page-9

  1. 10,543 Posts.
    lightbulb Created with Sketch. 2
    Hi watford.

    You are correct but the market isn't stupid.

    The reason the effective coupon on the TIMPB is so high is because the market is factoring in that here is a very high risk (and growing) that TIM will default on the payments. If that happens then what is TIMPB worth?
 
watchlist Created with Sketch. Add TIM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.