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Post by praurb on Apr 27, 2021 23:31:12 GMT
Hey there,
I would love to be able to sell bonds from other players that I own. There's situations where I need the liquidity, for example to expand my buildings. I would rather sell my existing assets, than building up new liabilities. This feature would also allow me to re-sell bonds with an increased credit score at a higher price and vice versa.
Example: Company A issues 200 Bonds with an interest rate of 0.52%, while it has a credit score of BBB. I buy 10 of them, a total of 50,000$, and recieve 260$ per day Company A then makes a lot of bad business decisions and their credit score decreases. I decide that this is too risky for me and that I want to get rid of this bond. But because the credit score has decreased, I offer them at the market for 40,000$, which results in a 10k loss for me, but I still prefer the loss over holding the bond and risking all my money Company B buys them, because they believe that Company A is going to be successful in the near future, and they still recieve 260$ per day from Company A, but have only paid 40,000$, which gives them a "personal interest rate" of 0.65%
I think you get the point. Would it be possible to implement a feature like this?
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clarkyltd
Oil Patch Laborer
MOAR STATS!
Posts: 54
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Post by clarkyltd on Apr 28, 2021 20:18:16 GMT
I see where you are going with this, i'm not sure if it would be used by enough players to make it a priority for a finite development resource and I feel it would be open to abuse/cheating/manipulation by those inclined to do so.
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xis
Farmer
Posts: 4
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Post by xis on Jan 20, 2023 6:19:54 GMT
It would be nice to implement this feature as one part of the secondary bond market.
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