Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kommuninvest i Sverige AB > News item |
Strong investment-grade bond supply forecast in week ahead; Capital One firms; Intel mixed
By Cristal Cody
Tupelo, Miss., May 12 – High-grade issuers took a breather on Friday after pricing more than $38 billion of bonds in the first four sessions of the week.
Investment-grade bond volume for May already totals more than $70 billion and market sources expect heavy supply in the upcoming week. About $30 billion to as much as $40 billion of high-grade issuance is forecast for the week ahead, a syndicate source said.
Coming up on Monday, Kommuninvest I Sverige AB (Aaa/AAA) is expected to hold global investor calls for a dollar-denominated Rule 144A and Regulation S four-year green bond offering. Credit Agricole CIB, HSBC and JPMorgan are arranging the calls.
New bonds priced over the week traded mostly tighter in the secondary market.
Capital One Financial Corp.’s $2.5 billion three-tranche offering of senior notes (Baa1/BBB/A-) sold on Tuesday firmed about 4 basis points to 9 bps.
Intel Corp.’s $6.5 billion of senior notes (A1/A+/A+) priced in seven tranches on Monday were mixed.
The Markit CDX North American Investment Grade index ended modestly softer at a spread of 62 bps.
© 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.