Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for Inter-American Development Bank (IADB) > News item |
Morning Commentary: Southwestern Electric, Bell Canada, KfW, IADB on deck; Unibail eyed
By Cristal Cody
Tupelo, Miss., Sept. 11 – Several issuers are marketing new bond deals in the high-grade primary market on Tuesday.
Southwestern Electric Power Co. is offering new notes, while Bell Canada plans to reopen its $750 million of 4.464% notes due April 1, 2048 (Baa1/BBB+) that were originally priced on March 26, 2018.
In addition, KfW (Aaa/AAA/AAA) plans to price an add-on to its 2.75% global notes due Oct. 1, 2020 that were initially talked to price with a spread in the mid-swaps minus 5 basis points area.
The issue currently has a total outstanding of $3 billion.
BMO Capital Markets Corp., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the lead managers.
Also on Tuesday, the Inter-American Development Bank (Aaa/AAA) intends to price a dollar-denominated offering of global notes due Sept. 18, 2028.
The notes were initially talked to price in the mid-swaps plus 13 bps area.
BofA Merrill Lynch, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC are the lead managers.
Elsewhere, Unibail-Rodamco-Westfield SE (A2/A/A) is marketing a benchmark-sized dollar-denominated offering of senior notes with fixed income investor meetings on Monday and investor calls on Tuesday, a source said.
Citigroup, Deutsche Bank Securities Inc., JPMorgan and SMBC Nikko Securities America, Inc. are the arrangers for the Rule 144A and Regulation S offering.
Syndicate sources expect as much as $40 billion of new issuance for the week. Issuers priced nearly $9 billion of bonds during Monday’s session.
Monday’s session also had $12.82 billion of high-grade bonds traded in the secondary market, according to Trace data.
© 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.