American Honda Finance, CBL & Associates, Export Development Canada price; Amazon.com firms

By Cristal Cody

Tupelo, Miss., Aug. 29 – The high-grade primary market saw action on Tuesday with two U.S. bond offerings and one Canadian Securities and Exchange Commission-registered deal.

American Honda Finance Corp. priced $400 million of four-year floating-rate medium-term notes. The notes (A1/A+/) priced at 99.594.

CBL & Associates LP reopened its 5.95% senior notes due Dec. 15, 2026 on Tuesday in a $225 million tap. The notes (Baa3/BBB-/BBB-) priced at 98.25 to yield 6.199%.

Export Development Canada (Aaa/AAA) priced C$500 million of 1.8% five-year SEC-registered green bonds on Tuesday.

The Markit CDX North American Investment Grade index eased about 1 basis point to close at a spread of 60 bps.

In the secondary market, Amazon.com, Inc.’s 3.15% notes due Aug. 22, 2027 firmed 2 bps a day after closing on its $13.7 billion cash acquisition of Whole Foods Markets Inc.

S&P Global Ratings said on Tuesday that it raised its rating on Whole Foods’ 5.2% senior notes due Dec. 3, 2025 to A+ from BBB-. The notes widened 11 bps during the session.

Kroger Co.’s 3.7% senior notes due Aug. 1, 2027 firmed 2 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.