The positive here is the buyback at a discount to NTA appears to be keeping the NTA stable despite up with the fall in underlying bond prices.
So in NBI we have a diversified bond with over 500 individual holdings with yield to maturity of 7.68%, stable NTA (due to the buyback) currently yielding 6.8% (at a $1.40 SP) and trading at 20% discount to NTA
I am thinking this is a great deal but any contrary opinions are welcome
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