Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Perrigo Finance Unlimited Co. > News item |
Pacific Gas, Bank of America, Merck, Danske, BorgWarner, Perrigo price
By Cristal Cody
Tupelo, Miss., June 16 – Investment-grade supply revved up on Tuesday to more than $28 billion with volume led by deals from Pacific Gas and Electric Co., Bank of America Corp. and Merck & Co., Inc.
Pacific Gas and Electric priced $8,925,000,000 of first mortgage bonds (Baa3/BBB-/BBB-) in six tranches in a deal upsized from an expected $5,925,000,000 offering as part of its reorganization funding from Chapter 11 bankruptcy.
Bank of America brought $6 billion of senior notes (A2/A-/A+) in two tranches to the primary market.
Merck priced $4.5 billion of fixed-rate notes (A1/AA-/) in four tranches.
Ford Motor Credit Co. LLC sold $1.75 billion of five-year notes (expected ratings Ba2/BB+) in a high-yield deal executed off the investment-grade desk.
Danske Bank A/S priced $1.25 billion of four-year notes (A3/A+/) during the session.
BorgWarner Inc. sold $1.1 billion of seven-year senior notes (Baa1/BBB/BBB+) on Tuesday.
Standard Industries Inc. priced $1.1 billion of split-rated 10-year senior notes (Ba2/BBB-) in a Rule 144A and Regulation S deal upsized from $500 million.
Perrigo Finance Unlimited Co. priced $750 million of 10-year guaranteed senior notes (Baa3/BBB-/) following fixed income investor calls on Friday.
© 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.