Investments are monitored with a strict sell discipline
Regular contact with management aims to confirm that they are on track with key milestones that ensure timely repayment of their debt. Where we identify that an issuer has deviated from their plan, we re-evaluate our holding with a view to selling the bonds.
Target issues we believe will be repaid within two-year time horizon
Our investments target companies with a clear plan to boosts cash flows, usually through increased revenue or the sale of assets. This enables debt repayment or refinancing on better terms.