Paulson Commits Funds To Conseco, Bonds Soar

Conseco’s 3 1/2% bonds maturing in 2035 jumped 8.5% this week, climbing 7.83 points to 99.83 after hedge fund Paulson & Co. said it would buy a 9.9% equity stake in the Carmel, Ind.-based insurer.

  • 15 Oct 2009