HIGH YIELD BONDS

High income bonds can add income for conservative investors with advanced experience.    They are not for beginners.  You have to find the right bond and you have to pay par or less.  Recently high income bonds are sold at a discount for a reason; you  may not get your money back.  Because all quality bonds are very expensive and discount bonds are risky, I have profiled few bonds recently. 

       

HIGH INCOME BONDS purchased at par or a discount:



Right now I find few high yield bonds.  The bonds I have profiled are listed below.  To view the post, click on the link.  The most recent bond is listed first.

BCC, Boise Cascade http://www.themoneymadam.com/2016/03/four-bonds-for-your-consideration.html

NE, Nobel Holding  http://www.themoneymadam.com/2015/02/noble-ne-bond-at-discount.html

CNK, Cinemark  http://www.themoneymadam.com/2013/08/bonds-are-they-worth-work-it-takes-to.html

A, Alcoa. http://www.themoneymadam.com/2013/06/bonds-alcoa-bond-for-your-retirement.html

CLF, Cliffs Natural Resources  http://www.themoneymadam.com/2013/06/cliffs-natural-resources-bond-cusip.html

AKS AK Steel http://www.themoneymadam.com/2013/03/roll-out-high-yield-aks-cusip-001546al4.html


FIA Chrysler Corp.   http://www.themoneymadam.com/2012/02/eight-percent-bond-yield.html 


ACI Arch Coal Inc. http://www.themoneymadam.com/2012/03/can-you-image-775-income.htm 

Update on ACI bond 7.25% due 10/1/2020. 
There was a re-organization issue so the CUSIP has changed to 039380AC4.

Qualified institutional investors had a chance to do a swap but I believe that fell apart.   Currently, the individual investor still owns the full face value which is trading at about $2.00.

The 10/1/2015 interest payment was made and the bond is not considered to be in default.   Theoretically, principal could be returned in 2020 but it is dicey due to the heavy debt load that the issuer Arch Coal carries.  We will have to wait for the next expected interest payment of 4/1/2016 to see if they have the cash to pay their interest payment.
GNW Genworth Financial. http://www.themoneymadam.com/2012/04/can-you-make-8-on-investment-grade.htm 


RBS Royal Bank of Scotland http://www.themoneymadam.com/2012/07/ladder-internotes-for-more-yield.html 


AEE Ameren Energy http://www.themoneymadam.com/2012/09/junk-bonds-over-8-yield.html

 

WFR MEMC Electronics http://www.themoneymadam.com/2012/12/high-risk-junk-bond-yielding-11.html


AKS AK Steel http://www.themoneymadam.com/2013/03/roll-out-high-yield-aks-cusip-001546al4.html


M* MoneyMadam