Midday Commentary: Colonial Pipeline notes trading tighter in secondary market

By Aleesia Forni

Virginia Beach, Va., April 4 - The recent notes from Colonial Pipeline Co. were trading better in the secondary market early during Thursday's session, one market source said.

The trader quoted the notes 3 basis points tighter at 115 bps bid, 110 bps offered.

Colonial Pipeline priced the $350 million of 4.2% 30-year bonds in a private sale to yield Treasuries plus 118 bps on Wednesday.

The fuel pipeline operator is based in Alpharetta, Ga.

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