Top box lines locked out of Santos bid as Maersk loses appeal
Maersk’s appeal to Brazil’s judiciary that it ought to be allowed to bid for port ...
ID 296907145
© Andrey Popov
| Dreamstime.com
Unprompted, mulling over DP World’s (DPW) outstanding bonds today…
… and looking for enticing risk-adjusted returns* at the front end of DPW’s yield curve, I didn’t spot anything particularly compelling. Although, if it gets seriously deflationary out there, ’4.848% September 2028? maturities aren’t too bad a catch, I mused, also given a corporate debt profile where bank debt maturing in three-and-a-half years’ time…
(*Acutely aware that, according to recent JP Morgan research, Warren Buffett’s Berkshire Hathaway “owns 3% of the entire Treasury ...
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