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Aroundtown:Expert Opinions: Difference between revisions
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* Its subordinated bonds are deeply distressed(under 50% of face value). | * Its subordinated bonds are deeply distressed(under 50% of face value). | ||
* It skipped early redemption of its bonds late last year citing high refinancing costs and even said that it will consider deferring coupon payments. | * It skipped early redemption of its bonds late last year citing high refinancing costs and even said that it will consider deferring coupon payments. | ||
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|Seeking Alpha<ref>https://seekingalpha.com/article/4589113-aroundtown-2022-earnings-preview</ref> | |||
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* At the end of September 2022, its LTV was 40%. But this rises to 54% when hybrid bonds is included. | |||
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