An issue of The Jones Group Inc. (NYSE:JNY) bonds rose 2.8% as a percentage of their face value during trading on Thursday. The high-yield debt issue has a 8.25% coupon and is set to mature on March 15, 2019. The debt is now trading at $26.75. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its share price.
About The Jones Group
Jones Group Inc is a United States-based company, which designs, markets and wholesales branded clothing, shoes and accessories. The Company offers over 35 brands with products in apparel, footwear, jeans wear, jewelry and handbags. It operates in six segments: domestic wholesale sportswear, domestic wholesale jeans wear, domestic wholesale footwear and accessories, domestic retail, international wholesale and international retail.