An issue of Avolon Holdings Ltd (NYSE:AVOL) bonds rose 1.5% as a percentage of their face value during trading on Monday. The high-yield debt issue has a 5.5% coupon and is set to mature on February 15, 2024. The debt is now trading at $100.88 and was trading at $101.38 last week. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its share price.
Shares of Avolon Holdings Ltd (NYSE AVOL) traded down $0.02 during midday trading on Wednesday, hitting $30.93. The stock had a trading volume of 461,100 shares, compared to its average volume of 210,100. Avolon Holdings Ltd has a twelve month low of $18.04 and a twelve month high of $31.95.
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Avolon Holdings Limited (Avolon Holdings) is a United States-based holding company, which provides aircraft leasing and lease management services. The Company operates through its wholly owned subsidiary Avolon S.a r.l. (Avolon), which is a global aircraft leasing company focused on acquiring, managing and selling commercial aircraft.
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