Crown notes 13% yield not for the faint-hearted

04 February 2016

 

YieldReport has previously reported on the trading two subordinated notes issued by Crown Resort and listed on the ASX. Holders of the notes have seen the price savaged in light of a mooted privatisation of the casino and hotel group. If any party, other than James Packer and/or associates of his Consolidated Press Holdings, were to buy all the ordinary shares of Crown Resorts, the notes’ “change of control” clause...

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