Lennox sells $600 million in parts due 2025, 2027; UBS eyes $750 million note

By Devika Patel

Knoxville, Tenn., July 22 – The high-grade bond market saw one new deal pricing and another announced on Wednesday.

Richardson, Texas-based Lennox International Inc., a climate-control products company, priced $600 million of senior notes in two tranches.

Lennox sold $300 million of 1.35% five-year notes at a spread of Treasuries plus 110 basis points. These notes priced at 99.908 to yield 1.369%.

The company priced $300 million of 1.7% seven-year notes at a spread of Treasuries plus 130 basis points. These notes priced at 99.705 to yield 1.745%.

Zurich-based UBS Group AG, an investment bank and financial services company, announced it will sell $750 million of notes with a 5% greenshoe.

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