361 Degrees: June’21 dollar bonds yield 13-14% but should be money good

361 Degrees (1361.HK) is an HK-listed Chinese shoe and sports clothing retailer. You can read about the company and see their products here. I stumbled across their 7.25% Jun'21 USD bonds, which currently trade around 93.5 - 13% yield, 1.25 years to maturity - and was expecting to see a highly leveraged, distressed business (like … Continue reading 361 Degrees: June’21 dollar bonds yield 13-14% but should be money good