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RRD - Donnelley Financial Solutions: 10% Yield To Maturity On 2024 Maturing Bonds
R.R. Donnelley & Sons Company
As high-yield markets look to recover from the COVID-19 black swan, now is a good time to look for companies well positioned to weather the storm and provide investors with good income. Donnelley Financial Solutions (DFIN) is a company whose debt I have owned for quite some time. After an extended period, trading above par, the price of its 2024 maturing bond has fallen to under 94 cents on the dollar. Combined with an attractive 8.25% coupon, the bond yields over 10% to maturity.