Anthem brings $5.5 billion in five parts; Schlumberger, Southwest, Leggett & Platt price

By Cristal Cody

Tupelo, Miss., Nov. 14 – Anthem, Inc. led pricing action in the high-grade bond market on Tuesday with a $5.5 billion five-tranche offering of senior notes.

Anthem sold $900 million of 2.55% three-year notes at a spread of Treasuries plus 75 bps; $750 million of 2.95% five-year notes with a 90 bps over Treasuries spread; $850 million of 3.355% seven-year notes at a spread of 110 bps over Treasuries; $1.6 billion of 3.65% 10-year notes with a spread of Treasuries plus 130 bps; and $1.4 billion tranche of 4.375% notes with a spread of 155 bps over Treasuries.

Also in the primary market, Schlumberger Finance Canada Ltd. priced $1.1 billion of dollar-denominated guaranteed senior notes in two parts.

Southwest Airlines Co. came with a $600 million two-tranche offering of notes.

Leggett & Platt, Inc. sold $500 million of 10-year senior notes.

Also, Entergy Texas Inc. priced $150 million of 10-year first mortgage bonds.

In other activity, Citadel LP held a two-day round of fixed-income investor calls that was set to end on Tuesday, a source said. J.P. Morgan Securities LLC and UBS Securities LLC are the arrangers.

S&P Global Ratings announced on Friday that it assigned a BBB issuer credit rating for Citadel, a Chicago-based hedge fund management firm.

The Markit CDX North American Investment Grade 29 index softened about 1 basis point on Tuesday to close at a spread of 57 bps.

© 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.