oldschool CxC

Friday, March 21, 2003

hey, anyone (AD)check out the California Tabacco securitization bonds? Kind of a new thing, so their yields are holding up better then most bonds. I saw a couple with 6.250 and 6.75 coupons and equal yields (e.g. priced 98.65 and 99.99 respectively). Besides the normal bond bogies of inflation & creditworthiness, these are tied to Cigarette sales, so if everyone quits I am fucked

my big problem is as a poor ass individual investor I can't buy 1500 of those puppies. More like 100. How do I get a small allotment of these?

AD hasn't heard of em before, agrees nice yields, couldn't click thru second link, doesn't know how to get just a few (ask broker?).

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