Friday, April 20, 2007

CSX to sell $1 bln notes in 2 parts -fund manager

(Reuters) - Demand for the offering is being helped by a "change-of-control put," said Bishop. A change-of-control put gives investors a right to sell the bonds back to the company at a premium if it changes hands.

"That's worth a lot in an industry that's been in the event risk headlines," Bishop said.


Read more at Reuters.com Bonds News

No comments: