Discovery Communication 4.875% 1April2043
Discovery Communication is a global media company. Global portfolio network includes Discovery Channel, Animal Planet, Investigation Discovery.
Management is increasing positive on long term growth and raised its growth forecast.
Company has been generating USD1bil of free cashflow per year. Total debt is at USD7.735bil.
=> So theretically they will be able to pay off all of its debt principal after 8 years.
=> That assumes that the company does not borrow more and company stays healthy financially.
=> So theretically they will be able to pay off all of its debt principal after 8 years.
=> That assumes that the company does not borrow more and company stays healthy financially.
Discovery 4.875% 2043 trades at discount to those issued by most BBB rated communication peers.
Highest price for the bond is at 110.00. Current price is below par and below highest price for the bond.
Discovery Communication 4.875% 1April2043
Indicative price: 98.00
Yield to maturity: 5.01%
Moody's: Baa3
S&P: BBB-
Fitch: BBB-
Advance margin: 60%
Indicative price: 98.00
Yield to maturity: 5.01%
Moody's: Baa3
S&P: BBB-
Fitch: BBB-
Advance margin: 60%
Comments
Post a Comment