Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Valero Energy Corp. > News item |
High-grade supply heavy; Nestle, Valero, Honda, Unilever, MUFG price; SSA supply on tap
By Cristal Cody
Tupelo, Miss., Sept. 8 – Investment-grade supply revved up on Tuesday following the long holiday weekend and light supply in the prior week with more than $21 billion of bonds priced over the session.
Deal volume is expected to be strong over the short week with about $50 billion to $60 billion of issuance anticipated by market participants.
Nestle Holdings Inc. (Aa3/AA-) headed up supply with $4 billion of fixed-rate senior notes in four tranches, bringing $1.15 billion of notes due Jan. 15, 2024, $750 million of notes due Jan. 15, 2026, $1.1 billion of notes due Sept. 15, 2027 and $1 billion of 10-year notes.
Valero Energy Corp., Danske Bank A/S, BAE Systems plc, American Honda Finance Corp.,
Anglo American Capital plc, Mitsubishi UFJ Financial Group, Inc., Unilever Capital Corp., Entergy Arkansas, LLC, Arizona Public Service Co., Johnson Controls International plc and Tyco Fire & Security Finance SCA and Kimberly-Clark Corp. all issued notes on Tuesday.
In other supply offered, American Financial Group, Inc. sold $200 million of $25-par 40-year subordinated debentures (Baa2/BBB-) on Tuesday.
© 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.