Companies, banks buck the trend by considering bond buy-backs
The coronavirus crisis has focused attention on how companies can get access to cash, and for many, that is a top priority. However, there are some that feel they have enough, and are going in the opposite direction: spending it for financial gain. Many, and even some banks, are considering buying back bonds at the current cheap prices.
This week, Brado, a Swedish investment company, completed a Skr30m (€1.8m) buyback of senior and junior bonds maturing in 2023. Norwegian debt collection company B2 Holdings executed a similar €16.4m buyback via a reverse Dutch auction at the end of last week.These transactions, although small, are expected ...
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