Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Koninklijke KPN NV > News item |
Morning Commentary: Interactive Intelligence trades lower on debut; American Movil, Ablynx launch
By Rebecca Melvin
New York, May 20 – Interactive Intelligence Group Inc.’s newly priced 1.25% convertibles traded weakly on Wednesday after the Indianapolis-based communications software company priced $150 million of the five-year senior notes at the rich end and beyond the rich end of talked terms, market sources said.
The new bonds were quoted at 98.625 bid, 99.375 offered versus an underlying share price of $44.70.
Interactive Intelligence shares were off 71 cents, or 1.6%, at $44.65 at late morning.
There were new issues in the primary market internationally that were launched early Wednesday for pricing late Wednesday.
America Movil SAB de CV plans to price €2.25 billion of five-year bonds exchangeable into shares of Koninklijke KPN NV that were being talked at a 0% to 0.5% coupon and a 40% to 45% initial conversion premium, and Ablynx NV plans to price €100 million of five-year convertible bonds at €100,000 par that were talked to yield 3% to 3.5% with an initial conversion premium of 23% to 30%.
© 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.