By my calculations, $17 AFGHA implies a 54% chance of default by AFG assuming 2017 maturity and coupons at 210bps over benchmark.
I'm not too familiar with the capital structure of these notes, but would assume noteholders are senior to equity so AFG would have to go to zero before notes take a hit?
one week to go, page-12
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Last
$1.61 |
Change
0.000(0.00%) |
Mkt cap ! $434.5M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.61 | $1.58 | $104.7K | 65.78K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 818 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 5094 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AFG (ASX) Chart |