We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Zapped

5 November 2008

Even stablelooking buyouts like the Texas utility are flicking the switch on PIKtoggle debt. That causes bondholders even savvy ones like Warren Buffett grief. Bondholders should steer clear of issues with these options, no matter how unlikely their exercise appears.

This content is for Subscribers only

or
If you need assistance please email breakingviews.clientsupport@thomsonreuters.com
 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)

We need you to verify your email address to continue. Please check your email/junk folder for our verification request.

Click here to resend the verification email.