Spek,
I had asked Paul if he had looked at RCL debt. Most of funding needed for new ships has government-backed financing.
Noticed the following, so apparently I wasn't alone in considering purchasing. LOL.
<On February 3, 2009, Richard D. Fain, Chairman and Chief Executive Officer of Royal Caribbean Cruises Ltd. (the "Company") purchased various bonds of the Company for investment purposes. Mr. Fain purchased 200,000 of the Company's 8.00% bonds due May 15, 2010; 200,000 of the Company's 8.75% bonds due February 2, 2011; 150,000 of the Company's 7.00% bonds due June 15, 2013 and 100,000 of the Company's 6.875% bonds due December 1, 2013. Mr. Fain's aggregate purchase price for such bonds was $471,635.>
KJ |
