I am bond novice and wanted to ask what am I missing on a bond like Zenith Finco XS2436885409 which is paying 20 to 25% per annum at the current market price. Zenith seems a pretty safe company....profit is good, cash flow, turnover, B rated....Seems like a low risk for an extraordinary % return....or maybe I am missing something.
Thanks for all your advice.
Nem