See hidden discussions | Win great prizes | Get free support
Crazy situation. Investors wouldn't inject 500M in toptv to break the dstv monopoly
But there are some investors ready to put 500M in a company the nobody wants and that spent 50M to recover 50M...
If things go sour for Sanral, investors know they can approach the government for recourse, said RMB credit analyst Elena Ilkova
Sanral’s test might come when it issued its NRA bond series, which was not guaranteed by the government, said Ms Ilkova. Investors might approach them more cautiously, but even then, it was reasonable to assume the government would support Sanral if it faced prospective default, she said.
in comparison to other HWAY series bond issues how did this particular issue return?Notice they are only issuing in the HWAY series which is government guaranteed, so it's a no-brainer for asset manager to get involved as the HWAY series offers great returns. This would never happen under the NRA series of bonds...
So did they use outstanding debts as collateral for this? And who in their right mind would invest in the parastatal? Idiots!