Midday Commentary: Comcast's three-part note issuance trades weaker in secondary market

By Aleesia Forni

Columbus, Ohio, Jan. 9 - Comcast Corp.'s recent $2.95 billion three-part offering was wider across the board in trading on Wednesday, one market source said.

A trader quoted the $750 million tranche of 2.85% 10-year notes 4 basis points wider at 104 bps bid, 99 bps offered.

The notes priced at a spread of Treasuries plus 100 bps on Tuesday.

The $1.7 billion of 4.25% 20-year notes was also 4 bps weaker at 129 bps bid, 127 bps offered following Tuesday's sale at a spread of 125 bps over Treasuries.

Meanwhile, the $500 million tranche of 4.5% 30-year bonds was 1 bp wider at 146 bps bid, 144 bpd offered.

The bonds were sold at Treasuries plus 145 bps.

The telecommunications company is based in Philadelphia.

© 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.