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Posted: 5/15/2021 4:53:11 AM EDT
Looking at last weeks most active corp. bonds and I stumbled upon this gem

9.455%

11-15-2022
FixedCOMCAST CABLE COMMUNICATIONS
Non Callable
CUSIP: 00209TAB1

A3/A-                 Price
Industrial113.859

Seems to good to be true anyone care to explain how this is possible giving todays low rate environment
Link Posted: 5/15/2021 5:37:56 AM EDT
[#1]
Link Posted: 5/15/2021 7:45:25 AM EDT
[#2]
That's the coupon rate.  If you notice, you're paying significantly above par value for the bond (113.***). Your actual return is probably very close to zero.
Link Posted: 5/16/2021 5:33:22 AM EDT
[#3]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
That's the coupon rate.  If you notice, you're paying significantly above par value for the bond (113.***). Your actual return is probably very close to zero.
View Quote



Makes sense. Thanks for the info
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