Fiserv, Aircastle, World Bank price notes; International Flavors, Suncorp-Metway eye deals

By Cristal Cody

Tupelo, Miss., Sept. 20 – In new pricing action on Thursday, Fiserv, Inc. brought $2 billion of high-grade senior notes in two tranches to the primary market.

Aircastle Ltd. upsized its offering of five-year notes from $500 million at the launch to price $650 million of the bonds.

Also, the International Bank for Reconstruction and Development, or World Bank, sold $4 billion of five-year global notes on Thursday.

In other activity, International Flavors & Fragrances Inc. planned to hold a roadshow on Thursday and Friday for a dollar-denominated multiple-tranche offering of notes.

The company also priced a €1.1 billion two-part offering of euro-denominated senior notes on Thursday to pay a portion of the merger costs to acquire Frutarom Industries Ltd.

Looking ahead, Australian financial services company Suncorp-Metway Ltd. plans to tap the dollar market with a Rule 144A and Regulation S note offering.

Investment-grade issuers have priced more than $34 billion of bonds week to date with most of the bonds seen modestly better in the secondary market, a source said.

© 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.