With Shares At 52-Week Low, J.C. Penney Credit Default Swap Price Hits Record-Wide Level |
| October 04, 2013 | October 2013 Bond Updates |
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Five-year credit protection on J.C. Penney debt pushed to record-wide levels this morning, with quotes at 23.625/24.625 points upfront, according to Markit. That is wider by 5% on the day and roughly 56% fatter over the past two weeks since jitters of a capital raise in the debt markets morphed into last week's follow-on share offering. |
| View more at: http://www.forbes.com/sites/spleverage/2013/10/03/with-shares-at-52-week-low-j-c-penney-credit-default-swap-price-hits-record-wide-level/ |
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