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Keyera Announces $1 Billion Senior Unsecured Notes Offering
Keyera (KEY.TO) after the close Thursday agreed to issue $1 billion of senior unsecured notes in a two-tranche offering expected to close on June 22.According to the statement, the proceeds will be used partially to repay indebtedness.Shares of the company closed down $0.25 to $55.96 0n Toronto Stock Exchange.
US Treasury Closing Levels
3:00 Thursday vs 3:00 Wednesday2yr 99-23 vs 99-22; 4.166% vs 4.163%5yr 99-18+ vs 99-17; 4.218% vs 4.229%10yr 99-13+ vs 99-09; 4.445% vs 4.461%30yr 101-18+ vs 101-04+; 4.898% vs 4.923%2/10 27.719 bps vs 29.580 bps5/30 67.761 bps vs 69.293 bps
US 5-Year TIPS Auction High Yield Rises From Previous Auction, Demand Higher
The US Treasury's 5-year TIPS auction hit a high yield of 1.955% on Thursday, up from the 1.367% high in the previous auction.The bid to cover ratio for the auction was 2.61, above the 2.57 ratio in the previous auction.Dealers represented 49.26% of the bids, with direct bidders at 14.18% and indirect bidders at 36.75%.For takedown, dealers took 3.43%, with direct bidders at 27.99% and indirect bidders at 68.59%.