An issue of Safeway Inc (NYSE:SWY) bonds rose 1.3% against their face value during trading on Thursday. The high-yield debt issue has a 7.45% coupon and will mature on September 15, 2027. The bonds in the issue are now trading at $89.00. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.
Shares of NYSE SWY opened at $35.10 on Friday. Safeway Inc has a 12 month low of $29.82 and a 12 month high of $40.25.
Safeway Company Profile
Safeway Inc, is an food and drug retail company. The Company owns and operates GroceryWorks.com Operating Company, LLC, an online grocery channel doing business under the names Safeway.com and Vons.com. Blackhawk, a majority-owned subsidiary of Safeway, is a prepaid payment network utilizing proprietary technology to offer gift cards, other prepaid products and payment services.
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