The bonds sold like hot cakes today..HUGE investor demand, hence more mojo for stock!
Sirius XM (SIRI) sold $525.75 million of senior secured notes due June 2013, with a coupon of 11.25%. The notes were priced at 95.093, to yield 12.875%. Proceeds to the satellite radio company will be just shy of $500 million. The notes are non-callable for two years.
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GREAT CALL RF!
ReplyDeletethis russell rebalancing crap is insane....SIRI got the smackdown of death and OPWV almost hit $5 lol
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