CCLP - Early Redemption Would Trigger A 20% Return On CSI Compressco Bonds
The general compression sector and some misconceptions about it were last covered in, "DeCompression Of Cash Flows: ArchRock, USA Compression, CSI Compressco." This specific security, the CSI Compressco 7.25% Unsecured Debt due 8/15/2022, was last covered in, "CSI Compressco Bonds Offering An 11.8% YTM Are A Component Of My Income Portfolio." This article will provide an update of that debt.
CSI Compressco 7.25% Bond Update
The CSI Compressco (CCLP) 7.25% unsecured bonds (CUSIP:20467BAB5) currently offer an 11.7% YTM.
Source: InvestingAnswers.com YTM calculator
However, a couple of days ago, management