Tyco International Limited (TYC) Message Board

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Non-Tech : Tyco International Limited (TYC)

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To: Terrapin who wrote (2904)	2/13/2002 7:21:06 AM
From: GVTucker	Read Replies (2) of 3770

RE: The bonds I wonder about their pricing. I can't find a single bond that is anywhere near the quotes that you show. Looking at the 3rd bond on your list, the 6 3/8s of '04, your price is listed as 97.688. Bloomberg has it at 92.7396 bid/92.7396 offered. Same bid price and offer price, it's pretty liquid there. Looking further out the curve, I picked out the 6 3/8s of '11, bondsonline price of between 90.5 and 91.5. Bloomberg has it at 87.2111 bid/87.2111 offered. Again, obviously real liquid at that price. In both cases the price ralled a bit on Monday from the Friday close and eased off on Tuesday. They're all down substantially from the price just prior to the credit line drawdown. My guess is that they're old offers on bondsonline, but I have no idea. Tyco bonds are very liquid right now, there are a lot of people playing them. But I wouldn't recommend playing that market is you can't buy round lots, which are units of $100,000, then stay away. A trader will most likely give you a bad fill.

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