Phones 4U PIK Toggle High Yield Bonds Stagger, Sparking Default Talk |
September 04, 2014 | September 2014 Bond Updates |
Phones 4U 10% PIK-toggle notes due 2019 were crushed yesterday, plummeting from 80/85 to be quoted at 10/15 this morning, while the 9.5% notes due 2018 were also hit hard as they fell from 102/103 to 45/50 this morning, according to sources. |
View more at: http://www.forbes.com/sites/spleverage/2014/09/02/phones-4u-pik-toggle-high-yield-bonds-stagger-amid-default-talk/ |
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