JC Penney Credit Default Swap Pushes To Record-Wide Levels; Bonds Hit Lows |
| October 21, 2013 | October 2013 Bond Updates |
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Five-year credit protection on J.C. Penney pushed out to record wide levels again today, with quotes at 30.25/31.75 points upfront, according to Markit. That is wider by 10% on the day and squarely twice as costly over the past month since jitters of a capital raise in the debt markets morphed into a follow-on share offering and rumors of bankruptcy, which the company has denied. |
| View more at: http://www.forbes.com/sites/spleverage/2013/10/21/jc-penney-credit-default-swap-pushes-to-record-wide-levels-bonds-hit-lows/ |
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