Voyage Care Sterling Notes Fall to Fresh Lows

(Bloomberg) -- iTraxx Crossover index narrows for a 4th session to lowest level since Aug. 30.

Voyage Care 05/23 secured notes marked 0.9 pence lower at 99.1 bid, their lowest level since they were issued in April 2017; the co. held a conference call on its 1Q/18-19 earnings on Wednesday, according to Lucror analysts, who added that the quarterly performance was poor, with staff cost inflation and sleep-ins weighing on results.

Amigo 01/24 senior secured notes weaken 0.4 points to 99.2 bid; co. said today that Richmond Group’s representative James Benamor intends to resign from the company’s board with effective from September-end.

Constellium 02/26 bonds decline to 100.7 bid after co. on Wednesday signed a multi-year agreement with Boeing to support its leading commercial airplane programs.

Thomas Cook 06/22 notes weaken nearly half a point to 104.4 bid; tour operator says it found high levels of bacteria at an Egyptian hotel where a British couple died last month.

Codere 11/21 bonds weaken to 90.6 bid ahead of 2Q results, which are expected after market close.

In primary, price talk is released for loans from Circet, DSM Sinochem.

​In bonds, price talk is out for Dometic Group and Maxmia Grupe​​.

2018-09-06 12:11:29.919 GMT​

By Charles Daly