Co-op Group 11% 2025 (42TE)

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Posts: 96
Joined: November 4th, 2016, 1:04 pm

Co-op Group 11% 2025 (42TE)

Postby hiriskpaul » November 8th, 2016, 12:29 pm

It is coming up to 3 years since the Bank's restructuring and the issue of 42TE. I still hold all my 42TE and am interested to know how many others still do. Have you sold out, or reduced? Alternatively have you bought?

At a price of 130, the yield is now down to 6.5% and I have been thinking for a while that it might be prudent to reduce my position. It is difficult though as I still think there is upside to come at the current price and it is hard to find comparable risk/reward outside the banking sector. I would not be surprised to see the yield drop to 5% in a year or 3.

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Posts: 166
Joined: November 7th, 2016, 8:22 am

Re: Co-op Group 11% 2025 (42TE)

Postby Wizard » November 8th, 2016, 12:39 pm

Still holding all of mine, like you hard to see what I would replace it with if I sold them.


Posts: 46
Joined: November 4th, 2016, 11:35 am

Re: Co-op Group 11% 2025 (42TE)

Postby youfoolishboy » November 8th, 2016, 1:07 pm

Still holding and increased them a little earlier in the year.

Posts: 13
Joined: November 6th, 2016, 2:15 pm

Re: Co-op Group 11% 2025 (42TE)

Postby Laughton » November 8th, 2016, 1:11 pm

Yes, me still holding and added a few more in the summer.

Posts: 5
Joined: November 4th, 2016, 10:37 am

Re: Co-op Group 11% 2025 (42TE)

Postby Surerera » November 8th, 2016, 3:02 pm

See no reason to sell, just got my BOI interest and am thinking of topping up.

Posts: 4
Joined: November 8th, 2016, 11:04 am

Re: Co-op Group 11% 2025 (42TE)

Postby bobsmydog » November 8th, 2016, 7:16 pm

Yes still holding these no plans to sell or add.

Posts: 12
Joined: November 4th, 2016, 8:28 pm

Re: Co-op Group 11% 2025 (42TE)

Postby Holts » November 9th, 2016, 9:13 am

Still holding the group , even bought a few more of the Bank sub debt recently .

Posts: 1
Joined: November 7th, 2016, 7:20 pm

Re: Co-op Group 11% 2025 (42TE)

Postby martineevans » November 11th, 2016, 4:52 pm

Still holdimg - even thinking of a modest increase to holding

Posts: 1
Joined: November 10th, 2016, 5:49 pm

Re: Co-op Group 11% 2025 (42TE)

Postby LibertyTaker » November 14th, 2016, 5:25 pm

Still holding onto mine and I've purchased Co-Op 42RQs since then.

Pleased to see familiar names from TMF!

Regards to all

Posts: 3
Joined: November 4th, 2016, 10:59 am

Re: Co-op Group 11% 2025 (42TE)

Postby NeilOne » November 18th, 2016, 8:16 pm

I have mine but not added more since the original swap.

Posts: 1
Joined: January 15th, 2017, 7:10 pm

Re: Co-op Group 11% 2025 (42TE)

Postby JohnEdwards » January 15th, 2017, 7:12 pm

Just found this group - didn't even know TMF had closed boards!

Still have my 42TEs - doesn't seem any reason to sell yet.

Posts: 5
Joined: November 6th, 2016, 3:55 am

Re: Co-op Group 11% 2025 (42TE)

Postby Kr1ck » January 16th, 2017, 6:18 pm

Sold mine as trying to diversify from fixed income. I think the risk has fallen on these and agree yield may drop to 5%. Good luck to those still holding.

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