Tibco Software Inc. (TIBX) Bonds Trading 1.8% Higher
An issue of Tibco Software Inc. (NASDAQ:TIBX) debt rose 1.8% against its face value during trading on Friday. The high-yield debt issue has a 11.375% coupon and will mature on December 1, 2021. The debt is now trading at $95.50. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock 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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