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Carnival Debt Yields in the Teens After Big Earnings Miss

Por: MarketWatch Business September 30, 2022

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(NCLH) stock dropped 18% to $11.36 Friday and (RCL), probably the strongest of the big three operators, saw its shares decline 13.2% to $37.90. In the bond market, some Carnival debt issues now have yields of 14% to 16%. Norwegian Cruise Line debt yields 11% to 14%, while Royal Caribbean debt is yielding 12% to 14%, based on Bloomberg data. Debt prices were down two to six points based on face values of 100 cents on the dollar. The three cruise... + full article



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