Telecom Names Trade Up, Owens Corning Slips
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Telecom Names Trade Up, Owens Corning Slips

Dealers are watching asbestos credits this week after USG Corporation filed for Chapter 11 bankruptcy. A total of $20 million of Owens Corning's debt has traded at 62-63, which is down slightly from the mid-60s. A $4 million piece of American Home Patient's debt inched up to 81. Finova Group's debt is trading at 91, which is down a point from a trade earlier this month.

In par news, a $10 million piece of Nextel Communications' bank debt traded at 91-92, which is up slightly from reports last week of trades in the 89 range. Global Crossing's levels have inched up to 94.50 from the 90 range.

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