APN bond yields spike, financial covenants in focus
Duncan Bridgeman Wed, 20 Feb 2013
APN News and Media’s retail bonds are yielding record highs ahead of tomorrow’s earnings call as the newspaper owner’s financial health comes under scrutiny.
The yield on the NZX-listed bonds has climbed to 14% today, up from about 10% in December and well above the 7.86% coupon rate when
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