Alcoa entered the market with a one-billion-dollar 10-year new bond on Wednesday, as part of the original bond, and postponed the expiration of the debt. This week's investment-grade corporate bond market has digested $123.62 billion, Alcoa The new coupon will add to the figure.
Alcoa originally planned to issue debts of US$750 million, and the pricing is reported to be 200 basis points more than comparable public debt. The bond rating is Baa3/BBB-/BBB-. Citigroup, JP Morgan and Morgan Stanley. Lee for active bookkeeping, Credit Suisse and Royal Bank of Scotland for passive bookkeeping.
On Monday, Alcoa announced that its continuing operations in the first quarter of 2011 recorded a profit of US$309 million, much higher than the loss of US$194 million in the same period of last year, and was 2% higher than the previous quarter. According to a credit report from American Morningstar , Higher aluminum costs and production offset the weak dollar and rising energy and raw material costs.
In the high-yield corporate bond market, Vornado Realty Trust also sold $100 million USD25-parSeriesJ cumulative redeemable preferred securities. The yield of the securities is expected to be between 6.875% and -7.00%. UBS is a physical bookkeeping bank. Bank of America Merrill Lynch, Citigroup and Morgan Stanley are joint bookruns.
Alcoa originally planned to issue debts of US$750 million, and the pricing is reported to be 200 basis points more than comparable public debt. The bond rating is Baa3/BBB-/BBB-. Citigroup, JP Morgan and Morgan Stanley. Lee for active bookkeeping, Credit Suisse and Royal Bank of Scotland for passive bookkeeping.
On Monday, Alcoa announced that its continuing operations in the first quarter of 2011 recorded a profit of US$309 million, much higher than the loss of US$194 million in the same period of last year, and was 2% higher than the previous quarter. According to a credit report from American Morningstar , Higher aluminum costs and production offset the weak dollar and rising energy and raw material costs.
In the high-yield corporate bond market, Vornado Realty Trust also sold $100 million USD25-parSeriesJ cumulative redeemable preferred securities. The yield of the securities is expected to be between 6.875% and -7.00%. UBS is a physical bookkeeping bank. Bank of America Merrill Lynch, Citigroup and Morgan Stanley are joint bookruns.
Floor Lock,Floor Jack Casters,Caster Wheel Stopper,Heavy Duty Floor Lock Caster
Guangzhou Weihang Caster Co., Ltd. , https://www.factory-metal.com