Honeywell Aerospace (HONA) After Its $15.96b Note Exchange Has Valuation Back In Focus

Honeywell Aerospace (HONA) recently completed a large fixed income exchange offer involving US$15.96b of senior notes. The transaction drew high participation from bondholders and has prompted fresh interest in the stock’s valuation. See our latest analysis for Honeywell Aerospace. The fixed income exchange announcement arrived after a weak patch for Honeywell Aerospace’s stock, with a 30 day share price return of down 15.85% and a year to date share price return of down 14.82%. However, a...