| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for H.B. Fuller Co. > News item |
Primary action slows; H.B. Fuller issues notes; credit spreads firm; Apple bonds soften
By Cristal Cody
Tupelo, Miss., Feb. 9 – U.S. high-grade pricing action slowed on Thursday thanks in part to a winter snowstorm, according to market sources.
H.B. Fuller Co. came to the primary market as the lone reported corporate investment-grade issuer. The company priced $300 million of 10-year senior notes on the tight side of guidance.
The 4% notes due Feb. 15, 2027 priced at 99.551 to yield 4.055%.
In other action, BP Capital Markets plc detailed its $3.1 billion four-tranche offering of notes priced in the previous session.
The Markit CDX North American Investment Grade index tightened 2 basis points on the day to end at a spread of 65 bps.
Apple Inc.’s notes (Aa1/AA+/) priced a week ago softened in secondary trading on Thursday but remained better than issuance.
Apple’s 3.5% notes due Feb. 9, 2027 climbed to head out better at 101.35 from where the notes traded at 100.87 early in the session, a market source said.
The notes ended down from where they traded late Wednesday afternoon at 101.45.
Apple’s 4.25% notes due Feb. 9, 2047 continued to slip in secondary trading over the day going out at 101.32 from where they traded late morning at 101.40. The notes were down more than a point from 102.40 seen on Wednesday.
© 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.