Tuesday bid list includes $8.75 million of junk bonds

By Paul A. Harris and Sara Rosenberg

Portland, Ore., Nov. 7 - A new roughly $148.6 million solicitation for bids wanted in competition, which includes a small amount of bonds, came to market on Monday morning, according to a market source.

The portfolio includes $8.75 million of bonds from seven companies - Avis Budget Holdings LLC, Constellation Brands Inc., Edison Mission, MGM Mirage, Nova Chemicals Corp., Qwest Corp. and Universal Hospital Services.

The remainder of the debt being offered is comprised of loans.

Investors are being asked to place their bids by 11 a.m. ET on Tuesday, according to a trader.

© 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.