| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Rite Aid Corp. > News item |
Transocean bonds decline as oil prices sink; Cheniere Energy weakens; Rite Aid quiets
By Cristal Cody
Tupelo, Miss., Sept. 23 – Transocean Inc.’s notes dropped about 2¼ points to more than 5 points on Friday after oil prices slid nearly $5 a barrel.
The offshore driller’s 7½% senior notes due 2031 (C/CCC-) sank more than 5 points to 51 bid on about $2.7 million of trading supply, a source said.
Transocean’s 8% debentures due 2027 (C/CCC-) went out Friday at 71¼ bid, down 2¼ points on the day and 5¾ points on the week.
West Texas Intermediate crude oil benchmark futures for November deliveries declined $4.75 to settle the day at $78.84 a barrel.
Cheniere Energy Partners LP’s 4% senior notes due 2031 (Ba2/BB+/BB+) fell more than 1½ points on Friday and were ending the week 2¼ points lower, a source said.
The notes were quoted at 83¼ bid.
Distressed trading action was lighter headed into the weekend, according to market sources.
Secondary activity in Rite Aid Corp.’s 8% senior secured notes due 2026 (B3/CCC-/BB-) quieted after the issue declined more than 2 points on Thursday.
The notes were last seen in the prior session down more than 2 points at 79 bid, a source said.
© 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.