STEINHOFF FIN. HLDG GMBH PIK EUR TL A2 is this week’s winner, up 8.9% from $77.34 to $84.23 after receiving approval from the South African Reserve Bank’s Financial Surveillance Department for the final implementation of their global litigation settlement.
GULF FINANCE TL B is this week’s winner, up 12% from $85.56 to $95.80 as the company looks to cut its outstanding loan balance from $1.05 billion to $723 million. The refinancing will lower Gulf’s default risk and extend its financial runway according to Moody’s.
PEABODY ENERGY TL B is this month’s winner, up 11% from $73.02 to $81.03 as in the past two there has been a high volume of news searches, insiders selling of company shares, and increases in the company’s options and bonds.