From Seekingalpha · Andrew Mach · · 40s
Liberty Global Shares Drop 25% as Bonds Crash
Liberty Global shares fell 25% as VMO2 and Ziggo bonds hit restructuring prices.
In brief
Liberty Global shares fell 25% as VMO2 and Ziggo bonds hit restructuring prices. Liberty Global shares dropped 25% after VMO2 bonds traded at restructuring prices and Ziggo unsecured bonds yielded 16%. Originally reported by Seekingalpha.
Liberty Global Shares Down 25%
Liberty Global shares dropped 25% since Andrew Mach's last article.
VMO2 Bonds at Restructuring Prices
VMO2 bonds trade at restructuring prices after owners took £5.15 billion out of the company.
Ziggo Unsecured Bonds Yield 16%
Ziggo Group's unsecured bonds now yield about 16% and trade at 38 cents.
Liberty's Cheapest Fix Costs Under $1
Liberty's cheapest fix, buying unsecured notes at 38 cents, costs under $1 per share.
What matters most
Liberty Global shares dropped 25% after VMO2 bonds traded at restructuring prices and Ziggo unsecured bonds yielded 16%.
