Tag Archives: Thomas Cook

German Corporate High Yield / Distressed Debt Wacthlist

Almost every day, the “selection” of Germany based companies with bonds trading at distressed levels keeps getting bigger.

At the moment, I have only the IVG Convertible (2014, Price 75.5%, Yield ~15%) in my portfolio.

Other corporate bonds which might be interesting at some point in time could be:

Praktiker (DE000A1H3JZ8)

Heidelberger Druck

Kion (former Linde subsidiary)

Thomas Cook (former Karstadt Sub)

I am not saying that those bonds are “Buys” right now, but at a really dsitressed level the might be worth a closer look as “Net Asset Play”.