Yes, I have the Talen bonds, CUSIP 69352JAN7. They are currently 56. The market is saying they will default. Hope not. Talen just sold a generation plant for $650MM.
Very light volume on the decline. Looks like too much. There was no news to cause this, just the same old oil patch blues. Earnings soon and we'll see what's going on.
Would someone in the know please tell me what the relationship now is between Talen and PPL. Specifically, PPL has corporate bonds still trading at 60. Beaten down because of energy prices. Are they actually now Talen bonds and what is the chance that they will default? I bought some of them a long time ago around par and just concerned.