I think that’s unnecessary. You just do a tender offer on the bonds - the bond or lease cert holders (same thing). The prices of the bond payoff all-in is a function of rates and time to maturity. Given rates have gone up, that works in the favor of the prepayment cost.
I think that’s unnecessary. You just do a tender offer on the bonds - the bond or lease cert holders (same thing). The prices of the bond payoff all-in is a function of rates and time to maturity. Given rates have gone up, that works in the favor of the prepayment cost.
I think that’s unnecessary. You just do a tender offer on the bonds - the bond or lease cert holders (same thing). The prices of the bond payoff all-in is a function of rates and time to maturity. Given rates have gone up, that works in the favor of the prepayment cost.
You typically don’t have full participation in a tender offer but you can do it in tranches over time.