| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Travelers Cos., Inc. > News item |
GM Financial, C.R. Bard, Synchrony, AvalonBay, Unum among issuers; AT&T eases; CDX softens
By Cristal Cody
Eureka Springs, Ark., May 4 – Investment-grade companies priced about $5.58 billion of bonds on Wednesday.
General Motors Financial Co. Inc. sold $3 billion in a three-part offering of senior notes (/BBB-/BBB-).
The company sold $400 million of floating-rate notes due 2019 at par to yield a spread of Libor plus 145 bps, $1.4 billion of 2.4% notes due 2019 at 99.896 to yield 2.436% and a spread of Treasuries plus 155 bps and $1.2 billion of 3.7% notes due 2023 at 99.743 to yield 3.742% and a spread of 220 bps over Treasuries.
C.R. Bard, Inc. brought $500 million of 10-year senior notes.
Synchrony Financial sold $500 million of floating-rate senior notes due 2017.
AvalonBay Communities, Inc. priced $475 million of 10-year medium-term notes during the session.
Unum Group brought to market $600 million of senior notes in two parts.
Travelers Cos., Inc. priced $500 million of 30-year senior notes.
Late in the day, Kimco Realty Corp. tapped its 4.25% notes due 2045 with a $150 million reopening.
The Markit CDX North American Investment Grade series 23 index closed the day 2 basis points softer at a spread of 83 bps.
In the secondary market, AT&T Inc.’s senior notes (Baa1//A-) that reopened on Tuesday traded wider on Wednesday.
© 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.