Midday Commentary: Genworth Holdings, Ameren Illinois notes firm in secondary trading

By Aleesia Forni

Virginia Beach, Dec. 6 - Recent issues from Genworth Holdings Inc. and Ameren Illinois Co. were trading tighter in the secondary market early during Friday's session.

Genworth's 4.8% senior notes due 2024 were quoted at 191 bps bid, 189 bps offered, a trader said at mid-morning.

The $400 million of notes (Baa3/BBB-/) priced with a spread Treasuries plus 195 bps on Thursday.

The financial security company is based in Richmond, Va.

In other secondary action, Ameren's new 4.8% 30-year notes were seen 6 bps better at 85 bps bid, 82 bps offered.

The company sold $280 million of the notes (A3/A/BBB+) on Thursday at a spread of Treasuries plus 93 bps.

Ameren Illinois is a subsidiary of St. Louis-based electric and natural gas company Ameren Corp.

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