Focus Media Holding Limited (FMCN) Bonds Trading 1.4% Higher
An issue of Focus Media Holding Limited (NASDAQ:FMCN) bonds rose 1.4% against their face value during trading on Tuesday. The debt issue has a 7.25% coupon and is set to mature on April 1, 2023. The bonds in the issue are now trading at $103.50 and were trading at $102.44 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock 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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