Mirant Americas Generation's $300 million bank debt climbed into the 98-99 range, up from the 90-91 area in the four weeks prior. A 13-point jump that brought the bonds into the 103 range had investors betting that a dispute between the unsecured creditor committees had been resolved and MAGI's credit would be paid off at par plus accrued interest. [In early October, Mirant, the parent company of Mirant Americas Generation, saw its bank debt trade up to 104 after it filed an amended plan of reorganization.]
One Year Ago In The Credit Markets
