Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for CenturyLink, Inc. > News item |
Upsized CenturyLink megadeal, Boyd, Aleris deals price, all firm; Monday deals active
By Paul Deckelman and Paul A. Harris
New York, March 22 – The high yield primary realm was a busy place on Tuesday – one of the biggest-volume sessions of the year, in fact, as some $2.3 billion of new U.S. dollar-denominated and fully junk-rated paper was said by syndicate sources to have priced during the day.
All three of the day’s new deals were upsized to meet additional demand for the bonds.
Telecommunications operator CenturyLink, Inc. had the big deal of the day – $1 billion of eight-year notes.
Casino company Boyd Gaming Corp. brought $750 million of 10-year notes to market.
And aluminum products producer Aleris International Inc. did $550 million of five-year secured notes.
All three of the day’s new deals were high up on the junk bond Most Actives list. All were up from their respective issue prices.
Traders also saw intense activity in the two new issues that had come to market on Monday – communications satellite company Intelsat SA’s eight-year secured notes, with aircraft leasing company Aircastle Ltd.’s seven-year notes.
Statistical market performance measures turned lower across the board on Tuesday after having been better all around on Monday. It was their second lower session in the last six trading days.
© 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.