Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sensata Technologies BV > News item |
Morning Commentary: Univision notes on tap; junk flat as stock indexes drift
By Paul A. Harris
Portland, Ore., Aug. 18 – The high-yield bond market opened unchanged on Thursday morning, market sources said.
With the major U.S. stock indexes adrift at mid-morning, the iShares iBoxx $ High Yield Corporate Bd (HYG) share price was up 0.23%, or 18 cents, at $77.80.
The new issue market flickered to life as Univision Communications Inc. came with a drive-by $300 million add-on to its 7 3/8% senior secured notes due June 30, 2030 (B1/B+).
Initial guidance has the deal coming at an issue price in the 100.5 area.
Among recent issues, the new Ford Motor Co. 6.1% senior green notes due August 2032 (Ba2/BB+/BB+), which came in a high-grade-style execution on Tuesday, were par 5/8 bid.
They were par bid, par ¼ offered on Wednesday.
The $1.75 billion bullet deal priced at par.
The EnLink Midstream, LLC 6½% senior bullet notes due September 2030 (Ba1/BB+/BB+) were par 1/8 bid, par 5/8 offered, unchanged, the sellsider said.
The upsized $700 million issue (from $500 million) priced at par on Tuesday.
The Royal Caribbean Cruises Ltd. 11 5/8% senior notes due August 2027 (B3/B) were 101¼ bid, 101½ offered on Thursday morning, the sellsider said.
Those notes were wrapped around 101 on Wednesday.
The upsized $1.25 billion issue (from $1 billion) priced at par on Tuesday.
And the Sensata Technologies BV 5 7/8% senior notes due September 2030 (Ba3/BB+) were par bid, par ½ offered, unchanged on the morning, the sellside source said.
The $500 million issue priced at par on Monday.
© 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.