| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Sberbank PJSC > News item |
Michaels unchanged; Cooper-Standard softens; Lukoil declines; Evergrande, CIFI up
By Cristal Cody
Tupelo, Miss., March 23 – Michaels Cos., Inc.’s notes saw heavy trading action in the distressed secondary market on Wednesday, while distressed emerging markets issues from China, Russia and Ukraine issuers remained active.
Michaels’ 7 7/8% senior notes due 2029 (B3/CCC+) were flat at 83 bid on more than $37.8 million of secondary volume, a source said.
Cooper-Standard Automotive Inc.’s 5 5/8% senior notes due 2026 (Caa2/CCC) shed over 2 points to trade with a handle now in the mid-50s.
Dollar bonds in Russia and Ukraine sectors have remained active but mostly softer this week, sources said.
PJSC Sberbank’s 5 1/8% notes due Oct. 29, 2022 recovered over 1¾ points to trade around 15¼ bid. The issue saw $4 million of secondary supply on Wednesday.
Paper from PJSC Lukoil Oil Co. (Caa2/CCC-/CC) was seen about 1¼ points to 4 points weaker during the session.
Meanwhile, China’s distressed property issues were trading higher.
China Evergrande Group’s 8¾% senior notes due 2025 (C//C) picked up nearly 1 point in Wednesday’s session to head out at 13 7/8 bid, a source said.
CIFI Holdings (Group) Co. Ltd.’s 6.45% senior notes due 2024 (BB-/BB) were nearly 2¾ points better on Wednesday at 72¾ bid.
© 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.