Morning Commentary: Royal Caribbean, Starbucks, JMP, Express Scripts market bonds

By Cristal Cody

Tupelo, Miss., Nov. 20 – Several issuers lined up in the deal pipeline early Monday to market high-grade bonds. Supply is expected to be front-loaded with the bond markets closed on Thursday and shut early on Friday for the Thanksgiving Day holiday.

After holding fixed income investor calls in the previous week, Royal Caribbean Cruises Ltd. kicked off Monday with the announcement the company intends to price two tranches of senior notes.

Also on deck, Starbucks Corp. intends to price senior notes.

JMP Group Inc. is marketing 10-year senior notes.

Express Scripts Holding Co. is offering three tranches of guaranteed senior notes.

After the flood of deal volume over the past two weeks, supply is expected to thin this week. Market sources predict about $5 billion to $10 billion of total issuance for the week.

© 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.