Capital structure arbitrage, part deux – the curious case of Nio Inc

I have written about capital structure arbitrage - trading the stock and bonds of one company against each other if the prices don't make internal sense - previously with regard to Peabody Energy when it was about to file for bankruptcy (see here). I commented at the time that the equity price seemed insanely overvalued … Continue reading Capital structure arbitrage, part deux – the curious case of Nio Inc