Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Entergy Arkansas, LLC > News item |
Zimmer, Ohio Power, Entergy Arkansas price notes; credit spreads recover
By Cristal Cody
Tupelo, Miss., March 13 – Tone improved over Friday’s session with a handful of issuers in the high-grade primary market and a turnaround in equities after U.S. president Donald Trump declared a national emergency regarding the coronavirus.
Zimmer Biomet Holdings, Inc. came with $1.5 billion of senior notes in two tranches.
The six-year issue priced more than 10 basis points tighter than initial talk, while the second tranche priced on top of guidance.
Ohio Power Co. sold $350 million of 10-year senior notes, 15 bps better than initial talk.
Entergy Arkansas, LLC priced a $100 million reopening of its 4% first mortgage bonds due June 1, 2028, 10 bps tighter than talk.
High-grade credit spreads improved more than 15 bps on Friday, closing the week more than 35 bps wider at a spread of 120.34 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.