Nexi joins large forward calendar; new notes active; PG&E lower; Aramark, L Brands gain

By James McCandless and Paul A. Harris

San Antonio, Oct. 9 – On a quiet Wednesday, with high-yield primary market activity muted by the Yom Kippur holiday, Italy's Nexi SpA started a roadshow for an €825 million offering of senior notes, while the secondary space was focused on fresh issuance and newsmakers.

Nexi takes a place aboard a chunky $7.7 billion equivalent forward calendar featuring dollar-, euro- and sterling-denominated tranches. With just two sessions left to play out in the present workweek, all of that business has been routed to clear ahead of the coming weekend.

In the secondary, new notes from Scotts Miracle-Gro Co. and D.R. Horton, Inc. were active on Wednesday, taking different paths.

Utilities name PG&E Corp.’s issues edged lower as the company prepares to cut power to around 500,000 customers to head off a potential wildfire.

In food service, Aramark’s paper ended better in the wake of a chief executive officer appointment.

Retailer L Brands, Inc.’s notes gained by the end of the day.

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