| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Washington Prime Group, Inc. > News item |
Primary brings $1.2 billion; Freeport-McMoRan at par; Boise Cascade positive
By Paul A. Harris and James McCandless
Portland, Ore., July 14 – The primary market continued to generate a steady flow of news on Tuesday.
Pattern Energy Operations LP came with a green deal, a $700 million issue of eight-year senior notes (Ba3/BB-) that priced at par to yield 4½%.
Meanwhile Melco Resorts Finance Ltd. joined a parade of Macau-based gaming-focused junk issuers to make a pass at the Yankee high-yield bond market since the pandemic began.
Melco priced a $500 million issue of eight-year senior notes (Ba2/BB) at par to yield 5¾%, at the tight end of yield talk in the 5 7/8% area.
On Tuesday, the high-yield secondary saw a focus on recently priced tranches.
Recent issuance from Freeport-McMoRan Inc., Boise Cascade Co. and Alcoa Corp. held the lion’s share of the volume, trending firm.
Elsewhere, Delta Air Lines, Inc.’s issues were pushed down after reporting worse-than-expected results for the second quarter.
REIT Washington Prime Group Inc.’s paper was better as a resurgence in coronavirus cases put pressure on retail-related names.
© 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.