uploads///Total IG Bond Issuance for December

Visa Led the High-Grade Bond Issuance in December 2015


Jan. 5 2016, Updated 10:26 a.m. ET

Deals overview

US financials were the biggest issuers of high-grade bonds in December. They accounted for 37.3%, or $21.3 billion, of all the issues. US corporates were the second-biggest issuers. They accounted for 35.7% of all the issues. Meanwhile, Yankee bond issuers raised $11.1 billion through high-grade bonds. They accounted for 19.5% of the total issuance. Emerging market issuers issued $3.5 billion worth of high-grade bonds in December 2015.

Issuances by high-grade corporates form part of mutual funds like the T. Rowe Price New Income Fund (PRCIX) and the Strategic Advisers Core Income Fund (FPCIX).

Article continues below advertisement

Major issues in December

  • Visa (V) is a global payments company. It issued A1/A+ rated high-grade bonds worth $16.0 billion on December 9. Visa will use the proceeds for the acquisition of Visa Europe Limited. It was the largest issue in December.
  • Schlumberger (SLB) issued A2/AA- rated high-grade bonds worth $6.0 billion on December 10. It will use the net proceeds from the offering for general corporate purposes. It will use the funds to finance a portion of the consideration of Schlumberger’s acquisition of Cameron International (CAM).
  • McDonald’s (MCD) is a global foodservice retailer. It issued Baa1/BBB+ rated high-grade bonds worth $6.0 billion on December 2.
  • Credit Suisse Group Funding is a subsidiary of Credit Suisse AG (CS). It issued high-grade bonds worth $2.0 billion on December 7.
  • Toronto-Dominion Bank (TD) is headquartered in Toronto, Canada. Along with its subsidiaries, it offers a full range of financial products and services. It issued Aa1/AA- rated high-grade bonds worth $2.0 billion on December 7.

In the next part, we’ll analyze investment-grade bond fund flows.


More From Market Realist

  • BioNano Genomics Saphyr system
    Company & Industry Overviews
    BioNano Genomics (BNGO) Stock Looks Like a Buy, Solid Opportunity
  • Delta aircraft
    Company & Industry Overviews
    Delta Air Lines Updates Mandatory Vaccine Policy, Explained
  • AMC advertisement in walkway
    Company & Industry Overviews
    Why It's Time for Most Investors to Sell AMC Entertainment Stock
  • 100 Thieves founder Matthew Haag
    Company & Industry Overviews
    Why Growing Esports Company 100 Thieves Isn't Publicly Traded
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.