Rumors that Quantum Chemical Corp. will jointly spin off its Petrolane Gas Service Partnership and Suburban Propane units have sent Quantum's bonds up 10 points in the last week.

The 13% senior subordinated notes maturing in 2004 that traded at 75 to 76 last week, shot up to 85 yesterday, one trader said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.