Hi,
I have been looking at Timbercorp's debt instruments TIMHB listed on the ASX.
They are secured over certain assets and have a coupon rate of 8.9% on a face value of $100.
So at the current price of $83.10 you would get a return of about 10.7% p.a.
Open to hear any comments about how safe you think these instruments are given TIM's current situation