Midday Commentary: Discovery Communications notes trading flat to better in secondary

By Aleesia Forni

Columbus, Ohio, March 13 - Discovery Communications LLC's recently issued notes traded unchanged to slightly better on Wednesday, one trader said.

The company was in Tuesday's market with a $1.2 billion sale of senior notes in two parts.

The $350 million tranche of 3.25% 10-year notes traded unchanged at 125 bps bid, 123 bps offered following Tuesday's pricing with a spread of Treasuries plus 125 bps.

The company's $850 million of 4.875% 30-year bonds traded 2 bps tighter at 163 bps bid, 161 bps offered.

The 30-year bonds were sold with a spread of 165 bps over Treasuries.

The global media company is based in Silver Spring, Md.

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