Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Washington Gas Light Co. > News item |
Morning Commentary: Public Storage, Washington Gas offer notes; Expedia holds investor calls
By Cristal Cody
Tupelo, Miss., Sept. 13 – Public Storage and Washington Gas Light Co. marketed investment-grade bond offerings early Wednesday.
The deals follow strong issuance in the high-grade primary market on Monday and Tuesday.
About $30 billion to $35 billion of total supply was expected by market participants for the week.
In other activity on Wednesday, Bellevue, Wash.-based online travel company Expedia Inc. (Ba1/BBB-/BBB-) is holding investor calls for a possible deal, according to a market source.
BofA Merrill Lynch, Goldman Sachs & Co. and J.P. Morgan Securities LLC are the call arrangers.
Financial market activity otherwise was mostly quiet at the start of the session, a source said.
Secondary market volume jumped to $18.08 billion on Tuesday from $14.77 billion on Monday, according to Trace.
Washington Gas Light’s 3.796% notes due Sept. 15, 2046 that will be reopened in Wednesday’s offering have not been active in the secondary market in September, a source said. The notes were last seen in August trading at 96.87.
The company sold $250 million of the notes on Sept. 13, 2016 at par.
© 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.