Investors are demanding record amounts to hold Tesla debt as the company's profit woes mount

📆 25-04-19 22:04:00
📰 BusinessInsider

⏱ Reading Time:
33 sec. here
2 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Tesla's junk bonds reached a record premium after the company reported another quarterly loss on Wednesday night.

and signaled it may be in the market for more capital soon.

The price on Tesla's 5.3% note due August 2025 slipped, nudging its yield to the highest in about six months at 8.51% in European trading. Its spread, the measure of the premium in yield investors demand for the added risk of holding a bond from Tesla - rated six notches below investment grade by Standard & Poor's and Moody's - rather than a safer U.S. Treasury security, widened by 3 basis points to a record 618 basis points.

By comparison, the spread on an average high-yield bond is 373 basis points, according to ICE BAML Index data, and for comparably rated"B-" issuers it is 402 basis points.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

LIVE: Tesla is about to release Q1 earningsTesla is scheduled to report first-quarter earnings results after the market's close on Wednesday.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »