Talen higher; Peabody notes decline; Staples steadies; CWT softens; Credito Real lower

By Cristal Cody

Tupelo, Miss., June 18 – Talen Energy Supply LLC’s bonds traded higher on Friday but remain softer on the week following Moody’s Investors Service’s negative outlook.

The 6½% senior notes due 2025 (B3/CCC+/B) rose nearly 1 point to 71 bid on more than $1.6 million of trading volume, a market source said.

Peabody Energy Corp.’s bonds declined about 1 to 2 points in heavy trading on Friday.

The company’s 6 3/8% notes due 2025 (Caa1/CCC) fell 1 point to 73 bid on more than $5.75 million of secondary supply.

Peabody Energy’s 8½% notes due 2024 (Caa1) also slipped more than 1 point to 76 bid on $3 million of trading volume.

Meanwhile, Staples Inc.’s 10¾% senior notes due 2027 (Caa1/CCC+) were flat at 101½ bid in light trading action on Friday, a source said.

CWT’s 11½% senior secured notes due 2026 (/CC/) dropped 1 point to 54½ bid during the session.

In other distressed issues, Credito Real SAB de CV’s paper was soft, a source said.

The company’s 9½% senior notes due 2026 (/BB-/BB) declined more than 5¼ points to trade at just under 90 bid on more than $5.4 million of secondary supply.

Credito Real’s 9 1/8% perpetual subordinated securities (/B-/B+) also were quoted down about 3¼ points at 68¾ bid on $10.5 million of trading action.

© 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.