An issue of Talen Energy Corp (NYSE:TLN) bonds rose 2.1% against their face value during trading on Wednesday. The high-yield issue of debt has a 9.5% coupon and is set to mature on July 15, 2022. The bonds in the issue are now trading at $104.05 and were trading at $98.78 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its share price.
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About Talen Energy Corp
Talen Energy Corporation is a United States-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.
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