Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Essex Portfolio LP > News item |
Supply surges ahead of Fed; Boeing, Las Vegas Sands, Ford, Union Pacific; others price notes
By Cristal Cody
Tupelo, Miss., July 29 – Deal volume surged in the high-grade primary market on Monday, led by a $5.5 billion six-tranche offering of senior notes from Boeing Co.
Las Vegas Sands Corp. also tapped the market on Monday with a $3.5 billion three-part offering of senior notes.
Ford Motor Credit Co. LLC sold $2 billion of fixed-rate senior notes in two tranches and dropped a floating-rate tranche.
National Australia Bank Ltd. priced $1.5 billion of 15-year subordinated notes.
Union Pacific Corp. brought $1 billion of fixed-rate senior notes in two parts to the primary market.
Republic Services, Inc. sold $900 million of five-year notes.
Owens Corning came with $450 million of 10-year green senior notes.
In addition, Essex Portfolio, LP sold $400 million of long 10-year guaranteed senior notes.
Supply was expected to be front-loaded this week ahead of the Federal Reserve’s monetary policy decision on Wednesday, according to market sources.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.