| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Royal Caribbean Cruises Ltd. > News item |
Four issuers sell junk; Fed Day uneventful; Apollo lags; Royal Caribbean, OneMain flat
By Paul A. Harris and Abigail W. Adams
Portland, Me., June 16 – The high-yield primary market put up another $3.09 billion in five junk-rated, dollar-denominated tranches from four issuers on Wednesday.
New paper from ICON plc (Indigo Merger Sub, Inc.) and Madison IAQ, LLC accounted for the lion’s share of deal volume.
Meanwhile, the closely watched press conference following the Federal Reserve Open Market Committee Meeting yielded few surprises with the secondary space largely unchanged on Wednesday.
Market players were hoping for a jolt of volatility, either to the upside or downside, following the meeting.
However, Federal Reserve chair Jerome H. Powell “struck the right chord, because nothing happened,” a source said.
Gartner, Inc.’s 3 5/8% senior notes due 2029 (Ba3/BB+) followed the broader market trend and gave back some of their gains heading into the close, although they continued to trade at a nominal premium to their issue price.
OneMain Finance Corp.’s 3½% senior notes due 2027 (expected ratings Ba3/BB-/Kroll: BB+), Royal Caribbean Cruises Ltd.’s 4¼% senior notes due 2026 (B2/B), and APi Group DE, Inc.’s 4 1/8% senior notes due 2029 (B1/B) remained range-bound around their issue price throughout the session.
However, Apollo Commercial Real Estate Finance, Inc.’s 4 5/8% senior secured notes due 2029 (Ba2/B+) were struggling in the aftermarket with the notes closing the day below par.
© 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.