Chesapeake High Yield Bonds Crater, Default Protection Cost Widens On Restructuring Scare |
| February 09, 2016 | February 2016 Bond Updates |
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Chesapeake Energy 3.25% notes due next month crashed as trading got underway this morning following a report late Friday afternoon that the company hired restructuring advisors. The paper was the top-traded issue today, with trades reported at 74, from just short of par, trade data show. |
| View more at: http://www.forbes.com/sites/spleverage/2016/02/08/chesapeake-high-yield-bonds-crater-default-protection-cost-widens-on-restructuring-scare/ |
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