Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn D. Rudolph who wrote (37503)	1/28/1999 7:28:00 PM
From: IceShark	Read Replies (2) of 164684

Glenn, What Yo is saying is that the bond requires a cash interest payment, not PaymentInKind (PIK), i.e. new paper, or in other words a zero coupon. This is really quite extraordinary. I liken it to a preferred issue with a common stock appreciation kicker. So, the cash interest will go out, every quarter or whatever the payment dates are. I am struck by the low interest rate of 4.75 (which it looks like the fix will be at) and the demand for the issue (150% above original sizing this morning). Jeez, I wish I could syndicate my life for these rates! But then I think I would have to sign my soul over to the devil for eternity. -g- Regards, Ice

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next