Safeway (SWY) Bond Prices Fall 1.1%

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An issue of Safeway Inc (NYSE:SWY) debt fell 1.1% as a percentage of its face value during trading on Monday. The debt issue has a 7.25% coupon and will mature on February 1, 2031. The bonds in the issue are now trading at $95.25 and were trading at $96.00 one week ago. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.

Shares of Safeway stock remained flat at $$35.10 during trading hours on Monday. Safeway Inc has a 12-month low of $29.82 and a 12-month high of $40.25.

About Safeway (NYSE:SWY)

Safeway Inc, is an food and drug retail company. The Company owns and operates Operating Company, LLC, an online grocery channel doing business under the names and Blackhawk, a majority-owned subsidiary of Safeway, is a prepaid payment network utilizing proprietary technology to offer gift cards, other prepaid products and payment services.

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