JC Penney long-tenor bonds, CDS hit hard after rough 4Q sales report |
| February 28, 2013 | February 2013 Bond Updates |
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J.C. Penney long-tenor bonds, shares and CDS were hit hard this morning as investors dissect the issuer's disappointing year-end results. The 6.375% bonds due 2036 shed four points, to 74/76, while the 7.4% bonds due 2037 traded four points lower, at 81.25, with recent market quotes off five points, wrapped around 80, according to sources and trade data. |
| View more at: http://www.forbes.com/sites/spleverage/2013/02/28/jc-penney-long-tenor-bonds-cds-hit-hard-after-rough-4q-sales-report/ |
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