Home Depot, Public Service, Dayton Power, Wintrust price; CDP, Parker-Hannifin eye new issues

By Cristal Cody

Tupelo, Miss., June 3 – High-grade corporate issuers priced about $2.5 billion of bonds over Monday’s session.

Home Depot Inc. placed $1 billion of new 10-year senior notes and a $400 million tap of its 3.9% notes due June 15, 2047.

Public Service Enterprise Group Inc. sold $750 million of five-year senior notes.

Dayton Power & Light Co. came by with a $425 million offering of 30-year senior secured notes.

Wintrust Financial Corp. also priced $300 million of 10-year subordinated notes during the session.

About $10 billion to $15 billion of issuance is forecast this week, though issuance will be dependent on market tone and geopolitical events, sources report.

Investment-grade deal volume was thin last week and missed market forecasts with nearly $6 billion of bonds priced, compared to the $10 billion to $15 billion of issuance predicted.

Coming up on Tuesday, CDP Financial Inc. plans to price a Rule 144A and Regulation S dollar-denominated offering of two-year guaranteed senior notes.

Looking ahead to Wednesday, Parker-Hannifin Corp. will hold fixed income investor calls for an offering of senior notes.

© 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.