Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Review > Headlines for 2015 > News item |
Morning Commentary: Spreads firm; AT&T on deck; Blackstone Holdings notes firm
By Aleesia Forni
Virginia Beach, April 23 – Spreads in the investment-grade bond market continued to trade tighter early during the session, while AT&T Inc. announced a six-part offering slated to price on Thursday.
The Markit CDX North American Investment Grade series 23 index was flat at a spread of 61 basis points.
Meanwhile, AT&T announced priced talk for an offering of notes in tranches due 2020, 2022, 2025, 2035 and 2046.
Blackstone Holdings Finance Co. LLC’s recently priced $350 million of 4.45% 30-year senior notes (/A+/A+/) moved 2 bps tighter on the session.
The notes traded at 183 bps offered.
Blackstone sold the offering on Wednesday at Treasuries plus 185 bps, at the tight end of guidance set in the 190 bps area over Treasuries.
The investment and advisory firm is based in New York City.
© 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.