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Viacom, Dominion, BB&T price; Verizon, AT&T soft; Goldman Sachs mostly flat
By Aleesia Forni and Cristal Cody
Virginia Beach, Dec. 3 – Another stream of issuers made their way to the primary market on Wednesday, pricing $6.45 billion of new investment-grade bonds.
Viacom Inc. sold a two-part $1 billion issue of senior notes.
The session also saw Dominion Gas Holdings LLC issue $1.4 billion of senior notes in five- and 10-year tranches.
In other primary happenings, BB&T Corp. sold $1.5 billion of five-year senior notes in fixed- and floating-rate tranches.
The primary also hosted smaller-sized deals price from Ameren Illinois Co. and Entergy Arkansas Inc.
There was also a $2 billion offering of notes priced by UnitedHealth Group Inc., though details of the sale were unavailable at press time.
“Very strong day all told,” one market source said.
Wednesday’s primary activity pushes the week’s total supply to a hefty $40.25 billion.
Bonds in the telecom sector traded mostly weaker over the session, a market source said.
Verizon Communications Inc.’s 3.5% notes due 2024 have widened about 5 basis points since Monday.
AT&T Inc.’s 3.9% notes due 2024 traded flat to 2 bps softer in the secondary market, the source said.
In other trading, Goldman Sachs Group Inc.’s 3.85% notes due 2024 were mostly unchanged, a source said.
The Markit CDX North American Investment Grade series 23 index firmed 1 bp to a spread of 61 bps on Wednesday.
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