Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Fulton Financial Corp. > News item |
Verizon sells $11 billion; Citibank, Humana, Penske price; high-grade credit spreads soften
By Cristal Cody
Tupelo, Miss., March 13 – Investment-grade issuers priced more than $15 billion of bonds on Monday as volume remains strong ahead of the Federal Reserve’s policy decision on Wednesday.
Verizon Communications Inc. sold $11 billion of notes in five parts.
Citibank, NA priced $2.5 billion of two-year notes in two tranches.
Humana Inc. brought a $1 billion two-tranche offering of notes.
Virginia Electric and Power Co. priced $750 million of 10-year senior notes.
Penske Truck Leasing Co., LP came with $500 million of 10-year senior notes.
Also, Fulton Financial Corp. brought $125 million of five-year senior notes to the primary market on Monday.
About $25 billion to $30 billion of bond volume is forecast for the week.
The Markit CDX North American Investment Grade index closed on Monday about 1 basis point weaker at a spread of 65 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.