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Alliance One International, Inc. Message Board

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  • peristentone peristentone Jul 19, 2009 12:37 AM Flag

    Analysis of UVV and AOI

    Yeah, I saw that after posting. I have another thread up here asking for the CUSIPs of the two new issues.

    What I don't understand is why the old bonds stopped actively trading prior to the announcement of the new financing. The last trades I see on the old bonds are between 6/20 and 6/22 where the new financings are announced on 6/30. It's also pretty suspect that the 2012 bonds all traded up above par in mid-May. Was the refinancing public information before the 6/30 information? One gets the feeling it was information to anyone paying more than $100 per bond in middle of May.

    I'm still encouraged by the overall transaction because it shows responsible financial management to be refinancing these bonds more than two full years before they are due.

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