Call Me Maybe? DFS Bond Issue Highlights Make-Whole Refinancing Opportunity |
| March 13, 2013 | March 2013 Bond Updates |
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DFS presented an interesting opportunity to the market recently when it demonstrated the cost of issuing new bonds, making the existing bonds whole, extending maturities, and extracting a dividend was more economical than waiting five more months to call the bonds at first-call while paying the semi-annual coupon. |
| View more at: http://www.forbes.com/sites/spleverage/2013/03/13/dfs-bond-issue-highlights-make-whole-refinancing-opportunity-secondary-liquidity/ |
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