Foreign Banks Lead US Investment-Grade Borrowing Spree Wednesday

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 50%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Financial institutions, including several foreign banks, are leading at least 10 companies tapping the US investment-grade primary market Wednesday, one day after both volume and deal count hit yearly highs.

Barclays Plc is marketing fresh debt with a four-part offering of senior unsecured bonds that are expected to price Wednesday, according to a person familiar with the matter, who asked not to be identified as the details are private. Initial pricing discussions for the longest-dated portion of the offering — an 11-year fixed-to-floating rate note — are for a yield in the area of 2.65 percentage points over Treasuries.

Irish lender AIB Group Plc announced an offering of six-year fixed-to-floating rate notes, which aren’t callable for five years and may yield in the area of 2.45 percentage points over Treasuries.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in CA

Canada Canada Latest News, Canada Canada Headlines