Caesars' bonds close mixed in active trading; coal sector debt slips; RadioShack notes inch up

By Stephanie N. Rotondo

Phoenix, May 20 - Caesars Entertainment Corp. debt was dominating trading in the distressed space Tuesday.

However, there was no real news to act as catalyst, and the bonds finished the day mixed.

A trader said there was "pretty good volume" in both the 9% and 8½% notes due 2020. The 9% notes ended down over half a point at 80 3/4, while the 8½% notes declined nearly 1½ points to 80.

The 10% notes due 2018 were unchanged, he said, at 42.

The trader also saw the 12¾% notes due 2018 falling almost a point to 481/4.

On the up side, the 6½% notes due 2015 rose 1½ points to 87½ and the 10¾% notes due 2016 gained a point to 851/2.

A second market source pegged the 10% notes at 42¼ bid, up half a point on the day.

The coal space was meantime losing some ground.

A trader said Arch Coal Inc.'s 7¼% notes due 2021 dropped nearly half a point to 76 3/8.

Among Alpha Natural Resources Inc.'s paper, the 9¾% notes due 2018 were steady at 951/2, but the 6¼% notes due 2021 slipped half a point to 741/2.

Elsewhere, RadioShack Corp.'s 6¾% notes due 2019 gained a point, closing around 371/2.

And, Verso Paper Corp.'s 11¾% notes due 2019 lost over a point to finish the session around 891/2.

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