Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Rakuten Group Inc. > News item |
Rakuten adds to junk bonds; W&T on deck; Venture Global at a premium; Transocean active
By Paul A. Harris and Abigail W. Adams
Portland, Me., Jan. 11 – An add-on bond offering from Rakuten Group, Inc. priced in junkland on Wednesday, and moved off the calendar.
Meanwhile, the secondary space resumed its upward momentum with the cash bond market adding another 3/8 to ½ point on the eve of the release of December’s consumer price index report.
The report is widely expected to come in below expectations with volatility in store if the report surprises, sources said.
New paper continued to jumpstart secondary trading activity with the paper performing well alongside the broader market.
Venture Global Calcasieu Pass, LLC’s 6¼% senior secured notes due 2030 (B2/BB+) were trading at a healthy premium to their issue price although the notes were unable to break above a par-handle.
Transocean Titan Financing Ltd.’s 8 3/8% amortizing senior secured notes due 2028 (B2/B-) continued to move in heavy volume although with little change in price.
Tenet Healthcare Corp.’s 6 1/8% senior notes due 2028 continued to add in substantial volume with the notes on a strong uptrend since the start of January.
© 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.