Aston Martin’s shares and bonds have sunk to record lows as investors, spooked by the UK luxury-car maker’s cash burn, race to dump their exposure.
The sell-off of Aston Martin debt this year has accelerated in the past month, with the price of bonds worth more than £1.5bn falling below 80p on the pound this week from about 95p at the start of the year.
Meanwhile, the carmaker’s shares have also slumped this year and were trading at about 42p on Friday, giving the company a market value of about £430mn. It listed in 2018 at £19 a share and a £4.3bn valuation.
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