Anyone have a quote on this debt????? Last July it was 66 cents on the dollar....
The most-actively traded debt, $460 million of 6.25 percent convertible, unsecured notes due 2014, have almost quadrupled to 66 cents on the dollar from 17.75 cents on Nov. 29, when AMR filed for bankruptcy, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. The debt jumped 3.3 cents on July 19 after the chief executive officers of the airlines met to discuss a merger.