First Half Review: Post-Petition Bond Price Moves
Residential Capital, Hawker Beechcraft Bond Prices Gain After Bankruptcy Petition
Prices of Residential Capital and Hawker Beechcraft bonds have risen after both companies filed their Chapter 11 petitions. Residential Capital 9.625 percent debt of 2015 was at 95 cents on Monday, up from 94 cents on May 14. The mortgage finance company petitioned for court protection on May 13. Hawker Beechcraft 8.50 percent debt due in 2015 was at 21 cents Monday, up from 19 cents on May 4. The manufacturer of private jets filed for court protection on May 3.