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Non-Tech : Convertible Bonds

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To: Rocky9 who started this subject	10/9/2002 5:08:42 PM
From: Rocky9	of 83

I checked with my broker today on some quotes for various bonds. I was given (with convertbond.com after the "vs"): ICGE 5.5%s of '04 - 31 bid vs. 35 PMCS 3.75%s of '06 - 65 Bid vs. 64.125 RFMD 3.75%s of '05 - mid to high 70s bid vs. 76.375 SFE 5%s of '06 - 58 bid and 60 offer vs. 57.75 SEPR 7%s of '05 - 76 bid and 78 offer vs. 75.5 TERN 5% of '07 - 59.5 bid vs. 60 The ones with only a bid are suspect since there may not be any available. I am very happy that the SEPRs seem to be way higher than they should be - the company (or a bond fund) must be in the market buying. The SEPRs YTM is down to ~17% which is on the same level as PMCS and TERN, which have at least twice as much cash as face amount of bonds. I may trade some of my SEPR bonds for PMCS or TERN soon.

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