| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for AT&T, Inc. > News item |
Morning Commentary: SLM preps first deal since 2014; SLM, AT&T, Verizon modestly better
By Cristal Cody
Tupelo, Miss., March 31 – At least one issuer is in the high-grade deal pipeline with a bond offering for Friday.
SLM Corp. plans to price split-rated senior notes, its first bond offering since 2014, according to Prospect News data.
In the secondary market, SLM’s bonds traded slightly better early Friday.
AT&T Inc.’s 4.25% notes due March 1, 2027 improved modestly.
Verizon Communications Inc.’s 4.125% notes due March 16, 2027 also saw modest gains over the morning.
Secondary trading volume totaled $19.31 billion on Thursday, compared to $20.66 billion on Wednesday, $18.41 billion on Tuesday and $13.89 billion on Monday, according to Trace.
SLM better
SLM’s 5.5% notes due Jan. 15, 2019 traded better early Friday at 103.60 from where the notes went out on Thursday at 103.50, according to a market source.
The company sold $1.25 billion of the notes on Sept. 17, 2013 at 98.877 to yield 5.75%.
The education loan provider is based in Newark, Del.
AT&T gains
AT&T’s 4.25% notes due March 1, 2027 traded up a dime to 101.51 early Friday, a market source said.
The company priced $2 billion of the notes (Baa1/BBB+/A-) on Jan. 31 at 99.94 to yield 4.26% and a spread of Treasuries plus 180 basis points.
AT&T is a Dallas-based telecommunications company.
Verizon improves
Verizon Communications’ 4.125% notes due March 16, 2027 were better over the morning at 101.70, a market source said.
The notes went out on Thursday at 101.51.
Verizon sold $3.25 billion of the notes (Baa1/BBB+/A-) on March 13 at 99.256 and a spread of Treasuries plus 160 bps.
The telecommunications company is based in New York City.
© 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.