VLWHA (Villaworld) Bond pays a decent 6.45-6.50% per annum...

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    VLWHA (Villaworld) Bond pays a decent 6.45-6.50% per annum interest based on current 3 month BBSW.
    SIMPLE BOND 3-BBSW+4.75% 21-04-22
    Its premium is about 3.5% above $100 face value and does not expire until 2022. Good value below $103 I reckon.
    VLW is a niche property play , makes decent half year revenues of $200m and half yearly EBITDA of $28m
 
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