Morning Commentary: Entergy Louisiana lists; Entergy Arkansas rises; Seaspan trades mixed

By Stephanie N. Rotondo

Seattle, Aug. 18 – Entergy-linked preferred deals were trading busily early Thursday.

For its part, Entergy Louisiana LLC’s $270 million of 4.875% $25-par collateral trust mortgage bonds due 2066 began trading on the New York Stock Exchange on Thursday, following the listing of Entergy Arkansas Inc.’s $410 million of 4.875% $25-par first mortgage bonds due 2066 (NYSE: EAI) on Wednesday.

The ticker for the Entergy Louisiana bonds is “ELC.” Entergy Louisiana priced Aug. 10, while Entergy Arkansas came Aug. 9.

The Louisiana paper was holding around $24.85, a trader reported. The Arkansas issue was up 4 cents at $24.93.

Meanwhile, Seaspan Corp. priced $80 million more of its 8.2% series G cumulative redeemable preferreds (NYSE: SSWPG), adding to the $115 million already outstanding.

The add-on was sold to institutional and other professional investors in Asia.

The preferreds were drifting lower in early trading, falling 8 cents to $25.67.

As for the company’s 7.875% series H cumulative redeemable preferreds (NYSE: SSWPH) – a $225 million issue priced Aug. 4 – they were up 6 cents at $24.87.

© 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.