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PreviousCredit Opportunities
In November 2008, Electra committed €32.5 million to a special purpose vehicle established to take advantage of the discounted senior debt available in the market due to the large volume of sellers of such paper and the lack of buyers.
At 30 September 2009, Electra had invested £21.2 million, which has been valued at current market prices, in senior debt tranches of 14 different companies. The focus has been on managing both the capital gain and yield available across a portfolio of companies and sectors with a view to holding the individual investments until repayment.
In the last six months, senior debt prices have increased significantly. The current average market price for the portfolio is approximately 15% above the average acquisition price.
At 30 September 2009, Electra had invested £21.2 million, which has been valued at current market prices, in senior debt tranches of 14 different companies. The focus has been on managing both the capital gain and yield available across a portfolio of companies and sectors with a view to holding the individual investments until repayment.
In the last six months, senior debt prices have increased significantly. The current average market price for the portfolio is approximately 15% above the average acquisition price.