@Sojourner @dargie Here are the Chesapeake bonds...

@Sojourner @dargie

Here are the Chesapeake bonds

http://quicktake.morningstar.com/stocknet/bonds.aspx?symbol=chk

You will see that the Chesapeake Engy 6.775% is trading at $100.50 (at a premium to face value).
You will see that the Chesapeake Engy 144A 8% is trading at $51.30 (at a 50% discount).

Does this mean that Chesapeake is extremely safe because one bond is trading above face value and at the same time it is extremely risky as the other bond is trading at a discount?

ABSOLUTELY NOT

Go educate yourselves on how bonds work and how the different the discount to face value and yield are.

Can't believe the level of your ignorance, but you still have the daftness to try an call me out....