Hi,
I'm looking for some credit name to build a passive income portfolio, already have lots of bank names with perpetual bond or preferred shares but would like to diversify a bit.
I like some industrial name like US Steel which yield ~7% on a senior bond, commodities (oil company) or retail like Macy/Kohl. Most of these are on a deleveraging path and thus have a stronger balance sheet.
Seaspan looks also attractive with a 8% for a successful company.
Any trade you like and can share in the credit space for bonds with minimum rating of BB ?
Thanks
I'm looking for some credit name to build a passive income portfolio, already have lots of bank names with perpetual bond or preferred shares but would like to diversify a bit.
I like some industrial name like US Steel which yield ~7% on a senior bond, commodities (oil company) or retail like Macy/Kohl. Most of these are on a deleveraging path and thus have a stronger balance sheet.
Seaspan looks also attractive with a 8% for a successful company.
Any trade you like and can share in the credit space for bonds with minimum rating of BB ?
Thanks