ANHEUSER-BUSCH INBEV WORLDWIDE INC. bonds were very active coming after a shelved plan to IPO $10 billion dollars in Hong Kong. Over $130 million of Anheuser-Busch Inbev Worldwide Inc. (USD) 5.55% 1/23/2049 and Anheuser-Busch Inbev Worldwide Inc. (USD) 4.75% 1/23/2029 bonds traded today. Anheuser-Busch Inbev Worldwide Inc was planning to use the $10 billion to help reduce there $100 billion in debt.
|Key Gainers and Losers||Volume Leaders|
|Anheuser-Busch Inbev Worldwide Inc. 5.55% 1/23/2049
CVS Health Corp. 5.05% 3/25/2048
General Mills Inc. 4.7% 4/17/2048
|Industry Returns Tracker|
|New Issues||New Issues [Continued]|
1. Burlington Northern Santa Fe Corp. (USD) 3.55% 2/15/2050 (07/15/2019): 825MM Senior Unsecured Notes, Price at Issuance 99.702, Yielding 3.57%.
2. Cooperatieve Rabobank U.A. (USD) 2.625% 7/22/2024 144A (07/15/2019): 1000MM Senior Non Preferred Notes, Price at Issuance 99.763, Yielding 2.68%.
3. Bank of Nova Scotia (USD) 2.375% 1/18/2023 (07/15/2019):500MM Senior Unsecured Notes, Price at Issuance 99.953, Yielding 2.39%.
|Top Widening Credit Default Swaps (CDS)||Top Narrowing Credit Default Swaps (CDS)|
|Rite Aid Corp. (5Y Sen USD MR14)
Rite Aid Corp. (5Y Sen USD XR14)
|Road King Infrastructure LTD (5Y Sen USD CR14)
SuperValu Inc. (5Y Sen USD MR14)
Loans and Credit Market Overview
Deals recently freed for secondary trading, notable secondary activity:
- Consolidated Precision Products, Starwood Property Trust Inc., Heritage Power, LLC
- TED spread held below 18 bp (basis points), as of 07/16/19
- Net positive capital flows into high-yield ETFs & mutual funds
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