Credit Risk - Manappuram Finance is a prime example

Can't see the pictures? Select Display Images option shown above. Add info@investorsareidiots.com to your address book to ensure delivery of our emails to your in-box. View this email outside your inbox

27th April 2013

Type Newsletter's Title Here Hi Promofree Manappuram NCDs are giving capital losses at current market prices.  Manappuram Finance - A Good Example of High Yield Credit Risk The last NCD traded on Manappuram was the 12.20% 8th September 2013 maturity NCD.  The trade was on the 25th of April 2013 at a price of Rs 98.57 implying a money market yield of 15.97%. The credit spread of Manappuram NCDs in relation to similar maturity government bonds/ treasury bills is a whopping 820 bps  Click here to read full analysis Arjun Parthasarathy www.investorsareidiots.com arjun@investorsareidiots.com Information herein is believed to be reliable but the editor of Investors are Idiots.com Arjun Parthasarathy does not warrant its completeness or accuracy. Opinions and estimates are subject to change without notice. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The financial markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. Unauthorized copying, distribution or sale of this publication is strictly prohibited. The author of the articles may have investments in instruments that are the subject of the articles. © InvestorsAreIdiots.com. All rights reserved. Not interested in receiving emails from us? Click to unsubscribe.