The cost of protecting SpaceX's (SPCX) debt against default for five years increased by as much as 19.4 basis points to a record 267.6 bps on Friday, Bloomberg reported, citing data from ICE Data Services.
The spread on the company's 6.6% bonds due in 2046 widened to 281 bps from 266 bps as of 12:54 pm ET, while its 5.875% notes due in 2036 widened by 22 bps to 257 bps, the report said, citing data from Trace.
SpaceX didn't immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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