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Published on 5/1/2019 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily, Prospect News Preferred Stock Daily and Prospect News Private Placement Daily.

CNA Financial prices notes; T-Mobile, Bristol-Myers Squibb, Fidelity National eye deals

By Cristal Cody

Tupelo, Miss., May 1 – CNA Financial Corp. tapped the high-grade primary market on Wednesday with $500 million of 10-year senior notes.

Volume thinned as focus turned to the Federal Reserve’s two-day monetary policy meeting that ended with rates left unchanged.

Coming up on Thursday, Nederlandse Waterschapsbank NV plans to price a Rule 144A and Regulation S offering of 18-month floating-rate notes.

In the meantime, several major deals are in the pipeline.

T-Mobile U.S. Inc. continued a roadshow that began on Tuesday for an upcoming bond offering to fund its acquisition of Sprint Corp. The deal size is projected in the mid-$30 billion range.

The investor meetings continue in the U.S. and Europe markets through May 8.

Bristol-Myers Squibb Co. will hold fixed income investor calls on Thursday and Friday for a potential eight-tranche Rule 144A and Regulation S offering of dollar-denominated notes.

Meanwhile, Fidelity National Information Services, Inc. is preparing to hold a roadshow and fixed investor calls in the week ahead for a multi-currency bond deal.


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