Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tyson Foods, Inc. > News item |
Tyson Foods, Comcast sell notes; Tyson tightens; Dollar General, Family Dollar active
By Aleesia Forni and Cristal Cody
Virginia Beach, Aug. 5 – Tyson Foods Inc. and Comcast Corp. came to Tuesday’s primary, each bringing multi-billion-dollar deals to market.
Tyson Foods sold a four-part, $3.25 billion offering of senior notes to fund the company’s proposed acquisition of Hillshire Brands Co.
Meanwhile, Comcast came to market with a $2 billion offering of senior notes sold in two maturities.
In forward calendar news, Federal Home Loan Banks announced plans to price a $3 billion offering of global bonds on Wednesday.
One source noted the tone to the quiet Tuesday was “maybe a little weaker” compared to Monday’s session.
In total, the investment-grade primary market has seen roughly $6.6 billion of supply this week.
The slower pace of issuance is expected to continue as the week progresses.
Tyson’s four-part offering of notes tightened 6 basis points to 10 bps in aftermarket trading, according to a trader.
The two tranches that Comcast brought during the session traded 1 bp to 2 bps softer on the bid side, a trader said.
Bonds from Dollar General Corp. and Family Dollar Stores, Inc. were active over the session, a trader said.
The trades follow reports that Dollar General is considering a bid for the rival discount retailer, a week after Dollar Tree Inc. announced it would acquire Family Dollar for $8.5 billion in cash and stock.
© 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.