Ann: Trading Halt, page-24

What do you put the cost of equity at?
i have it somewhat higher than 11% which is why this is such a shocker. At present I can get 8% in BB+ credit these days in assets that I choose. Ecuador is a CCC/SD (SD = selective default) jurisdiction and we're taking 11% on an Ecuadorian asset!
If you think that's a good return, I've got some amazing Argentine opportunities for you.
I am not here for such rubbish returns for that level of risk, value destruction 101. Management should be held to account.
Just in case your not a credit guy, expected returns for CCC assets are usually north of 30% for debt instruments.