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Fridson: What to make of BB bonds trading at distressed levels | PitchBook

Retrieved on: 2022-11-16 00:36:06

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Fridson: What to make of BB bonds trading at distressed levels | PitchBook. View article details on HISWAI: https://pitchbook.com/news/articles/fridson-what-to-make-of-bb-bonds-trading-at-distressed-levels

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On Nov. 11, Coinbase 3.375% notes due Oct. 1, 2028, stood at 55.8, representing an option-adjusted spread (OAS) of +1,113 bps. That put the bond in ...

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