Focus Media Holding Limited (FMCN) Bond Prices Fall 1%
An issue of Focus Media Holding Limited (NASDAQ:FMCN) debt fell 1% against its face value during trading on Monday. The debt issue has a 6.75% coupon and will mature on February 15, 2020. The bonds in the issue are now trading at $90.25 and were trading at $91.25 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.
About Focus Media Holding Limited
Focus Media Holding Limited is a multi-platform digital media company, operating the liquid crystal display (LCD) display network in China using audiovisual digital displays in commercial and residential locations, based on the number of locations and number of flat-panel digital displays in its network, the poster frame network, based on the number of locations and number of poster frames and digital poster frames in its network, and the LCD display network in China using audiovisual digital displays in supermarkets and hypermarkets.
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