Nuance, Acco, Mattamy, GTT price offerings, GTT up in aftermarket; funds add $2 billion

By Paul Deckelman and Paul A. Harris

New York, Dec. 8 – The high-yield new deal machine continued to churn out offerings on Thursday, with syndicate sources seeing a total of $1.52 billion of new U.S. dollar-denominated and fully junk-rated paper coming to market from a quartet of domestic or industrialized-country issuers, a bit more than the $1.46 billion which had gotten done in three deals on Wednesday.

Software provider Nuance Communications Inc. had the big deal of the day – a quickly shopped $500 million of 10-year notes.

Office products manufacturer Acco Brands Corp. also did an unscheduled offering of $400 million of eight-year notes.

Canada-based homebuilder Mattamy Homes brought an upsized $325 million of seven-year notes as a regularly scheduled forward calendar transaction, while cloud networking services provider GTT Communications, Inc. also did a scheduled deal, offering $300 million of eight-year notes.

In the aftermarket, traders saw the latter paper firm smartly from its issue price.

Statistical market performance measures turned mixed on Thursday after four straight sessions on the upside.

High-yield mutual funds and exchange-traded posted a third consecutive week of net inflows this week, taking in $2.034 billion, after having broken a string of six straight net outflows.

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