5.8% to 46% IRR on BBB+ Paper? A Free Option on GME x EBAY Saga
Quick note to highlight to our readers the EBAY 3.65% 2051 notes which we are tracking with both interest and amusement.
Following the massive $55B buyout of Electronics Arts last year (and the initial 30 point gap-up of the EA 2.95% 2051s), we had speculated on which other long-duration IG notes could potentially be subject to change-of-control (CoC) put provisions in a note to our readers here and on X back in September:
