Now CNG is hoping to boost some money within the corporate-bond market having an approach that is similar.
The organization intends to issue $310 million of five-year securities this with investors being told to expect a whopping 12% coupon, Bloomberg News’s Molly Smith reported week. As well as at this type of lofty interest, the bonds might still expense at a price reduction, meaning the general yield will undoubtedly be also greater.