Tibco Software Inc. (TIBX) Bonds Rise 4% During Trading
An issue of Tibco Software Inc. (NASDAQ:TIBX) bonds rose 4% against their face value during trading on Thursday. The high-yield issue of debt has a 11.375% coupon and will mature on December 1, 2021. The debt is now trading at $93.75. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.
About Tibco Software
TIBCO Software Inc (TIBCO) is a provider of middleware and infrastructure software. The Company’s standards-based software platform enables customers to create flexible, event-driven applications from infrastructure and deliver real-time, actionable insights. It offers a range of software products. It’s products are licensed by companies all over the globe in diverse industries, such as financial services, telecommunications, energy, retail, life sciences, manufacturing, transportation, government, insurance, and business services sectors.
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