HomeAway Convertible Bond Is Right Here, Right Now |
| March 25, 2014 | March 2014 Bond Updates |
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Last night HomeAway, an online broker for vacation rentals, announced a $350 million convertible bond. Price talk centers around a minimal coupon of 0.25% and a conversion premium of 30% for a five-year deal. While these aren’t Tesla terms, they still are highly favorable to the issuer while offering at least decent value to prospective buyers. I had recently put together a list of prime candidates for convertibles, and HomeAway was near the top. Here’s why: |
| View more at: http://www.forbes.com/sites/billfeingold/2014/03/25/homeaway-convertible-bond-is-right-here-right-now/ |