| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Honeywell International Inc. > News item |
Deal action up; BB&T, Procter & Gamble, Honeywell among issuers; credit spreads mostly flat
By Cristal Cody
Tupelo, Miss., Oct. 23 – Deal volume was strong over Monday’s session with several investment-grade issuers in the primary market.
BB&T Corp. priced $2.3 billion of dollar-denominated notes in three tranches. BB&T priced $300 million of floating-rate notes due Feb. 1, 2021 at par to yield Libor plus 22 bps, $1 billion of 2.15% fixed-rate notes due Feb. 1, 2021 at 99.954 and $1 billion of 2.85% notes due Oct. 26, 2024 at 99.918.
Procter & Gamble Co. sold $600 million of 1.75% notes due Oct. 15, 2019 at 99.965 to yield 1.768%, $600 million of 1.9% notes due Oct. 23, 2020 at 99.847 to yield 1.953% and $600 million of 3.5% notes due Oct. 25, 2047 at 98.699 to yield 3.571%.
Honeywell International Inc. priced $1.2 billion of senior notes in two tranches. Honeywell priced $450 million of floating-rate notes due Oct. 30, 2019 at par to yield Libor plus 40 bps and $750 million of 1.8% notes due Oct. 30, 2019 at 99.922 to yield 1.84%.
American Express Co. and United Airlines Inc. also planned to tap the primary market on Monday.
About $20 billion of high-grade bond deal volume is expected over the week, according to a market source.
The Markit CDX North American Investment Grade 29 index closed modestly tighter at a spread of 53 basis points.
© 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.