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6.312% YTM Owens Corning Corporate Bonds – Quotes, Rates, Rating & Bond List

Pink Panther.png

Owens Coring: Error opening: http://finance.yahoo.com/d/quotes.csv?s=OC&f=sl1c1

Providing High Quality Services at Very Low Prices

Yield: 6.312%

Price: $ 101.047

CUSIP Moody’s/S&P Security Description Current Rate Maturity Date Next Call Date @ Price
690742AA9 BA1/BBB- OWENS CORNING NEW SR NT 6.50000%
12/01/2016
6.50000 12/01/2016

Issue Information

 

Convertible NO
Payment Delay 0 DAY DELAY
Pay Frequency SEMI-ANNUALLY
Issue Date 06/15/2007
Dated Date 06/01/2007
First Coupon Date 12/01/2007
Last Coupon Date 06/01/2016
Workout Date 01/07/2010
First Settlement Date 06/15/2007
Federally Taxable YES
Bonds In Default NO
Issuer Events? YES

General Information

 

TRACE Eligibility YES
Listed NO
Exchange OTC
Minimum
Investment Quantity
1
Incremental
Investment Qty
1
Marginable NO
Original Size 650,000,000
Delivery BOOK ENTRY
Day Count Basis 30/360

Owens Corning  Bond News

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Owens Corning  Bond Profits

Owens Corning Bond Ratings

This Weeks Selected High Yielding Bond Ideas

OC-Glass Fiber Insulation News

Owens Corning Corporate News

Corporate Bond: Owens Corning

Owens Corning Corporation (NYSE: OC) is the world’s largest manufacturer of fiberglass and related products. It was formed in 1935 as a partnership between two major American glassworks, Corning Glass Works and Owens-Illinois. The company was spun off as a separate entity on November 1, 1938. The company achieved major successes after the Second World War, with eventual annual sales of $6 billion (USD). However, major medical liabilities due to the company’s use of asbestos as a fireproofing agent led to the company’s Chapter 11 bankruptcy in 2000. In 1999, a jury in federal district court in Florida awarded $1.8 million compensatory damages and $31 million punitive damages against the company. According to the court, evidence showed that: “for more than thirty (30) years Owens-Corning concealed what it knew about the dangers of asbestos. In fact, Owens-Corning’s conduct was even worse than concealment, it also included intentional and knowing misrepresentations concerning the danger of its asbestos containing product, Kaylo. For instance, in 1956, Owens-Corning, after having been told by the Saranac Laboratory that Kaylo dust was ‘toxic,’ and that asbestos was a carcinogen, advertised Kaylo as being ‘non-toxic.'” Owens-Corning Fiberglas Corp. v. Ballard, 749 So.2d 483 (1999). The company emerged from Chapter 11 in October 2006.

Among the many products of Owens Corning is its fiberglass insulation. Since 1956, the company’s insulation has been dyed pink to provide visual contrast; the company became so associated with its pink insulation (originally planned as red, but the dye was not sufficiently concentrated, resulting in its current light pink coloring) product that it even registered the term “PINK” (in capital letters only) to refer to its insulation. It was granted atrademark on the color in In re Owens-Corning Fiberglas Corp., 774 F.2d 1116 (Fed. Cir. 1985). The cartoon character of the Pink Panther is used by Owens Corning as the mascot of its insulation division.

Another major product of Owens Corning is derived from its use of fiberglass as reinforcement for plastic products. The resulting fiberglass-reinforced plastic is the form of “fiberglass” used in boat hulls, automobile roofs, pipes, electric windmill blades, etc. This product is sold under thetrade name of “Fiberglas”.

The company also manufactures other building materials systems and composite solutions including roofing, stonework, and glass composite materials used in transportation, electronics, telecommunications and other high-performance applications.

 

Owens Coring Fixed Income Issues and Symbols.

Error opening: http://finance.yahoo.com/d/quotes.csv?s=O5Q.BE&f=sl1c1 OWENS CORNING BER
Error opening: http://finance.yahoo.com/d/quotes.csv?s=O5Q.DE&f=sl1c1 OWENS CORNING GER
Error opening: http://finance.yahoo.com/d/quotes.csv?s=O5Q.F&f=sl1c1 OWENS CORNING FRA
Error opening: http://finance.yahoo.com/d/quotes.csv?s=OCWAW.OB&f=sl1c1 OWENS CORNING WT A11 OBB
Error opening: http://finance.yahoo.com/d/quotes.csv?s=OC-WTB&f=sl1c1 OWENS CORNING WT A12 NYQ
Error opening: http://finance.yahoo.com/d/quotes.csv?s=OC-WT&f=sl1c1 OWENS CORNING WT A12 NYQ
Error opening: http://finance.yahoo.com/d/quotes.csv?s=OC&f=sl1c1 Owens Corning NYQ

 

Owens Corning
Type Public (NYSE: OC)
Founded Toledo, Ohio (1938)
Headquarters Toledo, Ohio
Key people Michael H. Thaman, Chairman of the Board and Chief Executive Officer
Industry General Building Materials
Products Insulating Systems
Composite Solutions
Roofing & Asphalt
Other Building Materials & Servicesrevenue = $5.6 billion USD (2008)
Employees 18,000
Website www.owenscorning.com

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