An issue of iHeartMedia Inc (NASDAQ:IHRT) bonds fell 2.6% as a percentage of their face value during trading on Thursday. The high-yield debt issue has a 10.625% coupon and will mature on March 15, 2023. The debt is now trading at $68.63. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.

iHeartMedia Inc (NASDAQ:IHRT) traded up $0.26 during trading hours on Friday, hitting $0.81. 29,088 shares of the stock traded hands, compared to its average volume of 6,142. iHeartMedia Inc has a one year low of $0.55 and a one year high of $4.01.

TRADEMARK VIOLATION WARNING: This news story was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/iheartmedia-inc-ihrt-debt-trading-2-6-lower/1696273.html.

iHeartMedia Company Profile

iHeartMedia, Inc is a diversified media and entertainment company. The Company specializes in broadcast radio, digital, out-of-home, mobile, live events and on-demand information services for national audiences and local communities while providing a range of opportunities for advertisers. It operates through three segments: iHeartMedia (iHM), Americas outdoor advertising (Americas outdoor) and International outdoor advertising (International outdoor).

Receive News & Ratings for iHeartMedia Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iHeartMedia Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.