Deals
Ameren Bonds Climb to Two-Month High on Dynegy Asset Purchases
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Ameren Corp.’s bonds rose to the highest level in more than two months after power producer Dynegy Inc. agreed to acquire five coal-fired power plants of the St. Louis-based company.
The company’s $300 million of 7 percent notes due April 15, 2018, climbed 17.8 cents to 73 cents on the dollar to yield 14.7 percent at 10:46 a.m. in New York, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. That’s the highest since the securities reached 78.3 cents on Jan. 3.