Nobody wants to buy the debentures issued by any of the long-term credit banks.
High yield corporate debentures need scrutiny as to EBITDA coverage of the underlying debt.
Citigroup's five-year debentures underwritten at par earlier this year had dropped over 10 points, yielding almost 10%.
Last month its five-year debentures were trading at a yield of 30 basis points over Japanese government bonds.
Not that you'll always sleep well with preferred stocks and A-rated corporate debentures.
They are essentially debentures with proceeds that are paid out to investors in the form of preferred share dividends.
The risk premium in financial markets comes in as Treasury yields move up and fewer below-investment-grade debentures stop trading like yesterday's sardines.
It refused to do so before, because Japan's three long-term credit banks relied for their financing on five-year debentures, even though two were nationalised.
Like a large mouthed bass, I'm snapping at the lure of 10% returns in preferreds, debentures, energy-based master limited partnerships--anything that can survive a major economic contraction.
This is better than 10-year Treasuries or even BBB debentures.
Citi's five-year debentures now yield over 9%, and nobody cares.
Interest rates on 5-year FNMA debentures rose to 15 percent.
In the late 1960s dealmaker Jimmy Ling made a fast (and fleeting) fortune buying up the stock of companies and paying for it with convertible debentures of his conglomerate, LTV.
Penney is already facing resistance from law firm Brown Rudnick, which is claiming on behalf of bondholders that the company is in technical default on its 7.4% Debentures due 2037.
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Investors should be aware that (despite the often generous payouts) debentures are usually at the low end of the credit totem pole, and payouts may be deferred until the redemption date of the security.
Most portfolio investments consist of investment in securities in the primary and secondary markets, including shares, debentures and warrants of companies listed or to be listed on a recognized stock exchange in India.
Most analysts on Wall Street expect the Federal Reserve to announce QE3, another round of quantitative easing, where the Federal Reserve buys additional long maturity U.S. Treasuries, and Fannie Mae and Freddie Mac debentures and mortgage-backed securities.
Its debentures trade at mid-eighties.
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