Mirant's bonds traded up 10 points on an upbeat view of the company's performance post-bankruptcy. Its 2 1/2% '21 bonds climbed to the 110-111 range; its 5 3/4% '07 bonds climbed to 122 and its '03 revolver jumped to 117. [Those bonds are no longer trading, but Mirant Americas Generation's 8.30% '11 bonds are trading at 100.9; its 9 1/8% '31 are trading at 103, according to TRACE. Its new revolver is trading between 96.417-97.333, according to Markit.]
One Year Ago In The Credit Markets
