An issue of Focus Media Holding Limited (NASDAQ:FMCN) bonds rose 1.1% against their face value during trading on Friday. The high-yield debt issue has a 6.75% coupon and will mature on February 15, 2020. The debt is now trading at $90.56 and was trading at $88.25 one week ago. Price changes in a company’s bonds in credit markets often predict parallel changes in its stock price.
Focus Media Holding Limited Company Profile
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.
Receive News & Ratings for Focus Media Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Focus Media Holding Limited and related companies with MarketBeat.com's FREE daily email newsletter.