Do any noteholders have any insight into why the notes are restricted from trading? I just did a query on Zions' bond store, and the bonds have the message "Conditional Puts - Change of control - RESTRICTED FROM TRADING."
So it must be something in the bond indenture that can allow holders to require the company to redeem the notes, and they're restricted from trading based on that. So what is the change of control issue it is referencing? (I'm reading through the indenture now.)
FINRA is still showing trades going through, however. Puzzling.
By the way, if FINRA is accurate, and the last price was $59 - I think the notes are cheap.
