| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Endo International plc > News item |
Secondary quiets in Treasuries scramble; Endo, Mallinckrodt up; Kaisa, Evergrande off
By Cristal Cody
Tupelo, Miss., Nov. 5 – Distressed junk bonds went out mixed on Friday as Treasury yields dropped following the U.S. Labor Department’s upbeat October jobs report.
“It’s been a bit of short covering and guys who were not anticipating this move, so we had a little bit of an overreaction,” a source said. “Secondary-wise, it’s been very quiet with a couple small things trading. Anything Treasury-sensitive had a big move today.”
Energy-related bonds edged higher.
Petroleum refiner PBF Energy Inc.’s 6% senior notes due 2028 (Caa1/B/B+) traded about ¼ point better on Friday at the 72¼ bid area, a source said.
Elsewhere, Endo International plc’s 6% senior notes due 2028 (Caa3/CCC-) softened 7/8 point to 75 7/8 bid but were ending the week up 6 1/8 points.
Mallinckrodt plc’s 5¾% notes due 2022 rose ¾ point to 54 bid, nearly 10 points stronger on the week.
Looking at China property developers, Kaisa Group Holdings Ltd.’s dollar bonds mostly quieted on Friday after trading was halted in the company’s Hong Kong-listed shares.
China Evergrande Group’s 8¾% senior notes due 2025 (C/C/C) softened ½ point to 25 bid.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.