International Paper, Alphabet, Hershey, Mattel bring bonds; Hershey firms; CDX softens

By Cristal Cody

Eureka Springs, Ark., Aug. 2 – Issuers including International Paper Co. Alphabet Inc., Hershey Co. and Mattel, Inc. tapped the investment-grade primary market on Tuesday.

International Paper priced a $2.3 billion two-part offering of senior notes.

Google parent Alphabet sold $2 billion of 10-year senior notes.

Hershey brought an $800 million offering of 10- and 20-year notes during the session.

Mattel was in the primary market with $350 million of five-year notes.

Hershey’s notes traded about 2 basis points better in the secondary market as the session closed.

Earlier, Synchrony Financial’s 3.7% senior notes due 2026 priced on Monday traded 1 bp tighter.

Verizon Communications Inc.’s 2.625% senior notes due 2026 brought to market in the previous week tightened 4 bps from Monday.

The Markit CDX North American Investment Grade index closed 2 bps weaker at a spread of 77 bps.

© 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.