Vestas Bond Yield Drops as U.S. Orders Return: Copenhagen Mover
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The yield on Vestas Wind Systems A/S’s bond fell to the lowest in more than two years in Copenhagen trading on speculation the Danish turbine maker will return to profit as contracts in the U.S. pick up.
The yield on Vestas’ 600 million-euro ($810 million) 4.625 percent bond due 2015 dropped 17 basis points to 5.06 percent today, the lowest since July 18, 2011, according to Composite Bloomberg Bond Trader prices. Vestas’s stock rose as much as 1.3 percent.