On the Money: Milky bonds, flamboyantly dressed accountants and more ...

On the Money: Milky bonds, flamboyantly dressed accountants and more ...
Milking it: a high-yield Synlait bond play is whetting risk-takers' appetites. (Image: Getty)
Pattrick Smellie
On the Money isn’t a registered financial adviser, so take the following with the same grain of salt you’d apply to a conversation with your taxi driver. That said, it’s hard to argue the attraction of a 24% yield.Synlait Milk’s vanilla corporate bond is priced at $0.85321 on a coupon of 3.83%. It has a face value of $1.Basically, for every 85 cents you shell out, you stand to get $1 back when the bond matures in December this year, plus the interest coupon.So, for an investment of roughly $4,266, you'll get $5,...

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