Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Andeavor > News item |
Morning Commentary: Humana, Andeavor market senior notes; Humana’s existing bonds improve
By Cristal Cody
Tupelo, Miss., Dec. 14 – Primary action is picking up with two issuers announcing plans early Thursday to tap the high-grade bond market.
Humana Inc. is marketing two tranches of senior notes.
Andeavor also plans to price two tranches of senior notes.
The primary market was quiet on Wednesday following the Federal Reserve’s interest rate hike.
In the secondary market, Humana’s 3.95% senior notes due 2027 priced in its last bond issuance in March were better at 103.80 from where the notes went out on Wednesday at 103.60, a source said.
The Louisville, Ky.-based health care and insurance company sold $600 million of the notes (Baa3/BB+/BBB) on March 13, 2017 at 99.877 to yield 3.965%, or Treasuries plus 135 basis points.
Overall secondary trading volume totaled $15.78 billion on Wednesday, compared to $18.57 billion of bonds traded on Tuesday and $14.96 billion of issues traded on Monday, according to Trace.
© 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.