I have been looking at the array of Frontier Bonds and ther Preferred. All of the bonds are rated Ba3/BB-. All of the bonds through the 4/15/22 maturity are trading above par with yields from 4-8%. The '23-'25 trade below par with the 6.875% of 1/15/25 at a YTM of 9.5%. The Preferred trades with an 11% yield. It is a mandatory convertible on 6/29/18 @ 20 FTR shares if the common is below $5.00 and 17.02 shares if avove $5.87. Quite a lot of choices. To the FTR common stock buyers: 1. What are the odds that FTR will go bankrupt? 2. Which of the fixed income choices offers the best risk/reward. Thanks in advance.
Maybe I'm missing something that's right ion front of me but in every press release I scan and on the website all I see is that Hannon Armstrong announces the pricing of the offering. But I don't see the actual price anywhere. Has my brain gone dysfunctional? Thanks.