Dow Jones Newswires | Two corporate bond deals are in the
primary market Wednesday, with McDonald’s Corp. and Swiss cement maker
Holcim both offering Swiss franc-denominated bonds. There has been a
dearth of such issuance in May as volatility has prevented companies
from coming to the primary market for funding.
“These are just what the market is shouting for these days,” said a
syndicate banker of corporate deals, noting the contrast with the
unfavorable sentiment surrounding banks and sovereign governments.
Holcim has set guidance on its CHF200 million, six-year bond in the area of 105 basis points over mid-swaps, one of the banks running the sale said Wednesday.
Royal Bank of Scotland PLC, BNP Paribas SA, Credit Suisse Group and Zurcher Kantonalbank are lead managers on the deal.
For McDonald’s, guidance on its CHF250 million issue has been set at 50 basis points over mid-swaps, said one of the lead managers on the deal, which is being run by RBS and UniCredit SpA.
Order books closed above CHF1 billion, “showing the level of demand for this kind of asset,” a syndicate banker said.
Both deals are expected to price later today, subject to market conditions.
Holcim is rated Baa2 by Moody’s Investor Services Inc, and BBB by Standard and Poor’s Corp and Fitch Ratings Inc, while McDonald’s is rated A3 by Moody’s and A by S&P.
Hello ,In order to receive an accurate quote for auto insurance personal information such as address, date of birth, drivers license number, and social security number are required. This is exactly the information identity thieves need to destroy your financial credibility. Another concern is unwanted solicitors contacting you. It is completely unnecessary to receive an accurate quote for your car insurance by submitting this information online. It does indeed make perfect sense to make contact with an insurance agent in person or on the telephone.When contacting an agent in person or on the phone be sure and ask a few questions of your own, such as, how long they have been in business, and how will they safeguard your personal information. If you don’t like the answers say thanks and hang up. If your reasonably confident with the person your speaking to then proceed. Another benefit of speaking with a “live” agent is your ability to ask questions and receive professional advice.