Tibco Software Inc. (TIBX) Bonds Rise 4% During Trading
An issue of Tibco Software Inc. (NASDAQ:TIBX) debt rose 4% against its face value during trading on Thursday. The debt issue has a 11.375% coupon and will mature on December 1, 2021. The debt is now trading at $93.75. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.
Tibco Software Company Profile
TIBCO Software Inc (TIBCO) is a provider of middleware and infrastructure software. The Company’s standards-based software platform enables customers to create flexible, event-driven applications from infrastructure and deliver real-time, actionable insights. It offers a range of software products. It’s products are licensed by companies all over the globe in diverse industries, such as financial services, telecommunications, energy, retail, life sciences, manufacturing, transportation, government, insurance, and business services sectors.
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