Honeywell, Raytheon, Boston Scientific, Manulife, Antares price; high-grade inflows down

By Cristal Cody

Tupelo, Miss., May 14 – High-grade corporate and sovereign, supranational and agency issuers tapped the primary market on Thursday, pushing the week’s volume to date to more than $60 billion.

Honeywell International Inc. priced $3 billion of senior notes (A2/A/A) in three tranches 30 basis points to 35 bps tighter than talk.

Raytheon Technologies Corp. priced a $2 billion two-part offering of notes (Baa1/A-) during the session.

Boston Scientific Corp. brought $1.7 billion of senior notes (Baa2/BBB-/BBB) in two tranches to the primary market.

Manulife Financial Corp. sold $500 million of seven-year senior notes (A/A-) 30 bps better than talk.

Middle-market lender Antares Holdings LP priced $215 million of five-year senior notes (//BBB-) on top of talk in a deal upsized from $200 million.

Investment-grade corporate funds inflows totaled $5.25 billion for the past week ended Wednesday, down slightly from $6.63 billion in the previous week, but above the $2.25 billion of inflows in the prior week, according to Refinitiv Lipper US Fund Flows.

© 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.