Parex bonds
Latvia to divide Parex Banka into two
Regardless of this news my broker sold Parex bank’s bonds.
Let’s make simple calculation. This bond has 2 outstanding coupons, worth of 5.6%. Total payoff will be approximately 1115 Eur. Somebody paid 980 Eur and is happy with 13.7% premium. Good premium, but downside risk is -100%.
Somebody is very well informed 