I noticed this corporate bond in the middle of 2022. At that time, the quotation on IB was about USD40. I felt that the possibility of default was not high before maturity, so I used GTC order to buy 2K at USD20, and then changed it when it fell to around USD30. Into USD10, and then ignored.
On January 5, 2023, IB message suddenly reminded that 2K had been bought at a price of USD10. Around mid-January, the highest price rose to around USD11.58, and USD12 was listed for selling, because I thought that dividends would be paid on February 1 , and also received IB notification on January 26 as follows:
BBBY 3.749 08/01/24 Announced that coupon payments will be made with an effective date of 20230130. The benefit rate will be USD 0.01875. ISIN: US075896AA80 Visit our website for important information and disclaimers related to the corporate action notification procedure.
Although the news at that time said that BBBY was going to go bankrupt, I also felt that I should be able to receive interest on February 1st. As a result, until today, February 4, the IB report did not show the relevant interest, which seemed to be a breach of contract. But its quotation in IB is USD6.312 today, and I hope there will be new progress within the 30-day period.
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