Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kilroy Realty Corp. > News item |
Travelers, Broadcom, Kilroy, Georgia-Pacific price; Broadcom 8 bps stronger in trading
By Andrea Heisinger and Cristal Cody
New York, Oct. 27 - Travelers Cos. Inc., Broadcom Corp., Kilroy Realty LP and Georgia-Pacific LLC each tapped the high-grade bond market Wednesday for various amounts.
Travelers was tied for the largest sale of the day at $1.25 billion in two tranches. The size had initially been announced at $1 billion.
There was a $700 million sale of notes in two tranches from Broadcom. It was the company's first debt offering and it took much of the day to price after being announced in a press release late on Tuesday.
Split-rated pulp and paper company Georgia-Pacific sold $1.25 billion of 10-year notes late in the afternoon.
A late edition to the roster of new deals was Kilroy Realty. The company announced and sold its upsized $325 million in five-year bonds in the afternoon.
"The market's still OK," a source said late in the afternoon. There was a slight downward turn on renewed fears over debt in other, mostly European, countries, he said.
Other than that, it was seen as a favorable day with three more corporate bonds hitting the market and pricing at the tight end of guidance. In some cases the deals were upsized on demand, he said.
Secondary traders saw the debt from Broadcom and Travelers Cos. firming late afternoon.
Broadcom's notes due 2015 firmed as much as 8 bps in trading, sources said.
© 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.