Wynn High Yield Bonds Slump On Disappointing 3Q Results, Macau Woes |
| October 17, 2015 | October 2015 Bond Updates |
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Bonds backing Wynn Resorts slipped late on Thursday, and were lower this morning alongside pre-market declines in its stock price, after the casinos giant reported lower year-over-year quarterly revenue and lower-than-expected earnings amid a slump in business in Macau. Wynn Las Vegas 5.375% notes due 2022 traded one point lower, at 96, while Wynn Macau 5.25% notes due 2021 traded off three points, at 87.75, with quotes in the Street bracketing 88, according to sources and trade reports. |
| View more at: http://www.forbes.com/sites/spleverage/2015/10/16/wynn-high-yield-bonds-slump-on-disappointing-3q-results-macau-woes/ |
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