An issue of TPC Group Inc (NASDAQ:TPCG) debt rose 0.5% as a percentage of its face value during trading on Tuesday. The debt issue has a 8.75% coupon and will mature on December 15, 2020. The debt is now trading at $99.00. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.
TPC Group Company Profile
TPC Group Inc (TPCGI) is a producer of products derived from petrochemical raw materials, such as four-carbon (C4) hydrocarbons. The Company’s products are sold to producers of a range of performance, specialty and intermediate products, including synthetic rubber, fuels, lubricant additives, plastics and surfactants.
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