Sky TV bond yield goes ‘though the roof’
Discounted rights issue seen as likely.
The yield on Sky TV’s $100m bond has blown out to 11.5% as concerns rise about the fragility of the company’s balance sheet.
The 6.25% coupon $100 bond matures in March next year but last traded on the NZDX at $94.91.
Analyst Matt Henry of Forsyth Barr said the yield had “gone through
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