Cablevision Systems (CVC) Bonds Trading 1.1% Higher

An issue of Cablevision Systems Co. (NYSE:CVC) debt rose 1.1% as a percentage of its face value during trading on Friday. The high-yield debt issue has a 10.125% coupon and is set to mature on January 15, 2023. The debt is now trading at $110.88 and was trading at $109.50 one week ago. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.

Shares of CVC opened at $34.87 on Friday. Cablevision Systems Co. has a one year low of $21.37 and a one year high of $34.91.

About Cablevision Systems (NYSE:CVC)

Cablevision Systems Corporation (Cablevision), through its subsidiary, CSC Holdings, LLC (CSC Holdings), operates cable operations business in the United States. The Company operates in three segments: Cable, Lightpath and Other. The Company’s Cable segment offers Cable television service, which delivers multiple channels of video programming to subscribers who pay a monthly fee for the services they receive.

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