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Re: sts66 post# 2640

Friday, 03/10/2017 7:40:08 PM

Friday, March 10, 2017 7:40:08 PM

Post# of 8671
The coupons of CLF’s 2020-2021 bonds are 4.9-5.9% (see the table in the embedded link in #msg-129395530). I don’t know the market prices these bonds were trading at prior to the tender offer, but all of CLF’s bonds have had a very strong recovery from their steep discounts one year ago.

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