Midday Commentary: Recent Mylan issuance seen trading weaker in secondary market

By Aleesia Forni

Columbus, Ohio, Dec. 13 - The high-grade secondary market saw Mylan Inc.'s recent note issue weaken in the secondary market on Thursday, according to a trader.

The trader quoted the notes at 147 basis points bid, 143 bps offered at midday.

Mylan priced an upsized $750 million of 3.125% 10-year notes to yield Treasuries plus 145 bps on Wednesday.

The generic and specialty pharmaceutical company is based in Canonsburg, Pa.

© 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.