An issue of Dell Inc. (NASDAQ:DELL) bonds rose 1.1% as a percentage of their face value during trading on Wednesday. The high-yield debt issue has a 3.375% coupon and is set to mature on June 1, 2023. The bonds in the issue are now trading at $97.45 and were trading at $96.03 last week. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its share price.
Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.
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