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CHS bonds move higher; Bed Bath & Beyond little changed; Embarq flat; Lumen declines
By Cristal Cody
Tupelo, Miss., Oct. 28 – CHS/Community Health Systems, Inc.’s paper climbed about 2 points to more than 5 points on Friday after adding about 3 points to over 6 points in the prior session following a weak earnings report.
Volume was steady but down from the heavy trading of more than $100 million seen over Thursday’s session, a source said.
CHS/Community Health’s 5¼% notes due 2030 (B2/B) climbed 4 points to around 70½ bid on Friday in light volume totaling $4 million.
Bed Bath & Beyond Inc.’s senior notes went out mostly flat to modestly higher on Friday after the retailer announced plans to sell additional stock.
Bed Bath & Beyond’s 5.165% senior notes due 2044 (C/CC) traded more than ½ point better from Thursday at 11½ bid, a source said.
Embarq Corp.’s 7.995% notes due 2036 (Caa2/CCC/CCC) traded mostly unchanged on Friday at 40¾ bid in light activity, a market source said.
Connect Holding II LLC, doing business as Brightspeed, earlier in the month closed on its acquisition of the Overland Park, Kan.-based telecommunications company from Lumen Technologies, Inc.
Lumen’s 7.65% notes due 2042 (B2/BB-) dropped about 2¼ points to a print of 65.65 in light trading by late afternoon, a source said.
Volume totaled about $2.5 million.
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