Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Avangrid, Inc. > News item |
High-grade supply quiet; Fidelity, Avangrid, Nstar deals eyed; IBM eases; Bristol-Myers firms
By Cristal Cody
Tupelo, Miss., May 10 – The investment-grade primary market was quiet on Friday after issuers this week priced more than $45 billion of bonds, including the year’s two biggest deals.
In other action, Fidelity National Information Services, Inc. finished a week-long roadshow on Friday with plans to price a multi-currency bond deal to help finance its acquisition of Worldpay Inc.
Also on Friday, New Haven, Conn.-based electric and gas utility Avangrid, Inc. held fixed income investor calls for a possible green bond offering, a source said. Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., MUFG and Wells Fargo Securities LLC are the arrangers.
Coming up on Monday, Nstar Electric Co. plans to hold fixed income investor calls for a dollar-denominated green bond offering.
In the secondary market, new issues were mostly better, with bonds from International Business Machines Corp. and Bristol-Myers Squibb Co. mixed.
IBM’s notes priced in eight tranches on Wednesday were seen about 3 bps to 8 bps wider than issuance.
Bristol-Myers’ notes were quoted flat to about 8 bps tighter than where the nine-part offering priced on Tuesday.
© 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.