| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Whole Foods Market, Inc. > News item |
High-grade primary quiet; bank, financial paper mixed; Whole Foods flat; Kroger mixed
By Cristal Cody
Tupelo, Miss., June 22 – High-grade issuers stayed out of the primary market on Thursday as the summer lull kicked in, according to market sources.
For the week so far, investment-grade bond issuance has totaled just under $20 billion.
Several deals remain in the pipeline, a source said.
In the secondary market, bank and financial paper was mixed on Thursday.
BB&T Corp.’s 2.75% senior medium-term notes due April 1, 2022 were flat.
Mitsubishi UFJ Financial Group, Inc.’s 3.677% senior notes due Feb. 22, 2027 softened 2 basis points.
Citigroup, Inc.’s 4.75% subordinated notes due May 18, 2046 were unchanged on the day.
Whole Foods Market Inc.’s 5.2% notes due Dec. 3, 2025 (Baa3/BBB-/) have settled in the 105 bps area over the last couple of sessions, a market source said.
Whole Foods’ bonds firmed about 85 bps on Friday to 92 bps bid after Amazon.com, Inc. announced it will purchase the natural and organic foods grocer for $13.7 billion in cash.
Austin, Texas-based Whole Foods sold $1 billion of the notes on Nov. 30, 2015 at a Treasuries plus 300 bps spread.
Kroger Co.’s senior notes (Baa1/BBB/BBB) were mixed but have remained soft since the Whole Foods deal was announced, according to a market source.
© 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.