Are there any BNBG unsecured note holders on this forum?
I bought some at $75, which is a 25% yield to maturity if things go well for BNB. I am considering leveraging with a margin loan into these @60%. The coupons more than cover the interest and the market price should approach $100 face value when credit concerns ease. By my calculations could make 40% compound ROE to 2010 reset using a ML.
Does anyone have any thoughts?
DYOR
