| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for MB Financial, Inc. > News item |
TransCanada, HSBC, Citadel tap primary with new bonds; Royal Caribbean holds calls
By Cristal Cody
Tupelo, Miss., Nov. 15 – High-grade bond supply slowed but held steady over Wednesday’s session.
TransCanada Pipelines Ltd. priced $1.25 billion of senior notes in two tranches.
TransCanada sold $550 million of two-year floating-rate notes at par to yield Libor plus 27.5 bps and $700 million of 2.125% two-year fixed-rate notes at 99.992 to yield 2.129%, or a spread of Treasuries plus 45 bps.
HSBC Holdings plc placed $1 billion of six-year fixed-to-floating-rate senior notes.
Citadel LP priced $500 million of long five-year senior notes.
Also, MB Financial, Inc. sold $200 million of $25.00-par depositary shares, each representing 1/40th of an interest in 6% series C non-cumulative perpetual preferred stock, tighter than talk.
The company’s subsidiary, MB Financial Bank, NA, priced $175 million of 4% 10-year fixed-to-floating rate subordinated notes on Tuesday.
Other issuers are holding fixed-income investor calls for possible bond offerings, a source said.
Royal Caribbean Cruises Ltd. (Baa3/BBB-/) was expected to conclude a two-day round of investor calls on Wednesday. BofA Merrill Lynch, BNP Paribas Securities Corp., Goldman Sachs & Co., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC and SMBC Nikko Securities America, Inc. are the arrangers.
The Markit CDX North American Investment Grade 29 index ended mostly unchanged at a spread of 57 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.