| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Time Warner Cable Inc. > News item |
Bank of America brings senior bank notes; Time Warner Cable bonds tighten; Citigroup firms
By Aleesia Forni and Cristal Cody
Virginia Beach, May 29 – Bank of America NA capped off the month of May by pricing a $2.75 billion two-part offering of senior bank notes on Friday.
The day’s lone deal pushed the week’s total supply to $20.85 billion.
Meantime, Lipper reported $127 million of outflows from corporate high-grade funds for the week ended May 27.
This follows last week’s $932 million of inflows and puts the year-to-date total at roughly $29 billion of inflows.
Investment-grade bonds traded mostly softer over the session on Friday, while Time Warner Cable Inc.’s bonds continued to tighten going out, according to market sources.
Time Warner Cable’s bonds have tightened more than 60 basis points since Tuesday after Charter Communications, Inc. announced it will acquire the company for $78.7 billion in cash and stock.
Time Warner Cable’s 4.125% notes due 2021 traded nearly 20 bps better on Friday.
AT&T Inc.’s bonds (/BBB+/A-) were mostly weaker in the secondary market.
Bank and financial paper was mixed over the day.
Citigroup Inc.’s 3.3% senior notes due 2025 traded 6 bps better.
Bank of America’s existing 4% notes due 2025 were unchanged.
Goldman Sachs Group Inc.’s 3.5% notes due 2025 headed out 1 bp weaker.
JPMorgan Chase & Co.’s 3.125% notes due 2025 widened 6 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.