ALSTOM Rallies
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ALSTOM Rallies

ALSTOM rebounded in the secondary loan market with its '06 senior bank debt climbing into the 81-83 range and the '08 subordinated loan into the 68-70 context following a bank meeting two weeks ago.

ALSTOM rebounded in the secondary loan market with its '06 senior bank debt climbing into the 81-83 range and the '08 subordinated loan into the 68-70 context following a bank meeting two weeks ago. Traders said more buyers and the absence of bad news coming from the company supported the rising levels. ALSTOM's bank debt climbed up from levels seen earlier this month when the loans came under technical pressure as more supply emerged. At that time, the company's '06 paper was quoted in the 76-79 range and the '08 loan had slipped to the 60-65 range. ALSTOM officials could not be reached by press time.

 

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