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Mispriced OTC Fixed Coupon Security

Mispriced OTC Fixed Coupon Security

Suitable only for those with small AUM

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junkbondinvestor
Jun 29, 2023
∙ Paid
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JunkBondInvestor
JunkBondInvestor
Mispriced OTC Fixed Coupon Security
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In this post, I discuss an illiquid OTC registered security which I believe is highly mispriced. I think the fair value of this security should be 40% higher than today’s price which coupled with a nearly double digit annual coupon, offers very attractive risk/reward. As this security is thinly traded, bidding remains highly competitive. As such, I am putting this writeup behind a paywall so paying subscribers have less competition should they look to buy.

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