An issue of Dell Inc. (NASDAQ:DELL) debt fell 1.8% as a percentage of its face value during trading on Friday. The debt issue has a 6.5% coupon and will mature on April 15, 2038. The debt is now trading at $94.25 and was trading at $96.88 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its stock 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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