bullish

Borr Ihc 10,375% 2030 Bond (BORRNO) - Monday, Jun 23, 2025

254 Views24 Sep 2025 07:22
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SUMMARY

Key points (machine generated)

  • Borr Drilling's Secured Bonds, maturing on November 15, 2030, are trading at around 89%, up from the high 70s since late May.
  • These bonds offer a coupon rate of 10.375% and an attractive internal rate of return (IRR), appealing to investors seeking equity-like returns.
  • Classified as senior secured, the bonds provide solid downside protection, making them a lower-risk investment alternative in the current stock market.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

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