Thursday, June 2, 2016

ADT Bond 6/15/2023

ADT Bond matures 6/15/2023.

I profiled this bond in March.  I didn't buy it because of the high D/E ratio of the underlying security.

Click here for the original post.  http://www.themoneymadam.com/2016/03/four-bonds-for-your-consideration.html



 


Notably, this bond has increased in price from $87.31 when profiled to $95.34.  Interesting that when interest rates go up bond prices go down is true, but just because the "Fed" may increase interest rates, discount bonds may not move in concert.

ADT 6/15/2023 Maturity
Coupon 4.125%
Ba2
Cusip 00101JAH9
Capital gain since March 28, 2016  9.19%

M* MoneyMadam

Disclosure:  No position