What if I told you that there was a bond that offered an 8% current yield, with an over 22% yield in 2029 when the bond matures? Does this sound like something that you would like? I have found this gem, just for you.
CUSIP: 588056BB6
Now you just need to pray to whatever deity you believe in that Mercer doesn’t go bankrupt before or as the bond expires. This bond alone is worth north of $800mm, and their market cap hasn’t sniffed that since 2022