Saturday, September 27, 2008 1:55:07 PM
Of course there are provisions within the offical prospectus which provide for accrued interest for any reason on the failure to deliver these payments which stand at Libor+3.616% interest. Libor has been going up lately and I do not know what the current base point is but 361 bias points above Libor isn't too bad a return on our money.
With the current interest in possibly rescuing AIG from the clutches of the FEDS, this play would also pay off handsomely and by its very nature it is a bond essentially.
See this link on corporate bonds:
http://www.investinginbonds.com/learnmore.asp?catid=10subcatid=48&id=159
These are called Fixed Rate Securities. The above link describes their value to investors.
Thanks for dropping by QuinnTM hope to see more of you.
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