An issue of Focus Media Holding Limited (NASDAQ:FMCN) bonds rose 0.4% as a percentage of their face value during trading on Tuesday. The high-yield issue of debt has a 7.25% coupon and will mature on May 15, 2022. The debt is now trading at $98.50 and was trading at $100.63 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.
About Focus Media (NASDAQ:FMCN)
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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