| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Endo International plc > News item |
PBF, Transocean, Nine Energy slip, mostly higher on week; selling fizzles; Endo down
By Cristal Cody
Tupelo, Miss., March 10 – Distressed energy bonds declined on Thursday as oil continued to come off gains made since the start of Russia’s invasion of Ukraine.
“The whole market basically felt like it was coming in throughout the day,” a trader said. “There was some decent selling earlier in the day, but then it just fizzled out.”
PBF Energy Inc.’s 6% senior notes due 2028 (Caa1/B/B-) softened about ¼ point to 80¾ bid on Thursday but were trading about 3¾ points higher this week, a source said.
Transocean Inc.’s bonds softened about ¾ point to 2½ points during the session but also went out about 1¾ points to 2¾ points better so far in the week.
Transocean’s 7¼% senior notes due 2025 (Ca/CCC) gave back ¾ point to head out at 84 bid.
Nine Energy Service, Inc.’s 8¾% notes due 2023 (Caa3/D) slipped about 1½ points to the 59½ bid area on Thursday but remained more than 10 points higher on the week, a source said.
Elsewhere, Endo International plc’s 6% senior notes due 2028 (Caa3/CCC-) dropped 2 points to 58 bid on more than $13 million of paper traded, a source said.
The notes are down about 5¼ points this week.
© 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.