Core & Main (CNM) said late Thursday that its subsidiary, Core & Main LP, has priced a $750 million offering of 6.000% senior notes due 2034.
Net proceeds will be used to prepay a portion of its senior term loan due July 27, 2028, and for general corporate purposes, the company said. It expects to close the offering July 1.
Japanese conglomerate Sony Group (TYO:6758) plans to issue US dollar-denominated senior unsecured bonds, maturing in 2031 and 2036, according to a Wednesday filing with the Tokyo Stock Exchange.The USD-denominated senior unsecured notes due 2031 have an interest rate of 4.657% per annum and will mature on June 30, 2031, while the USD-denominated senior unsecured notes due 2036 have an interest rate of 5.089% per annum and will mature on June 30, 2036.Proceeds from the bonds sale will be used for general corporate purposes.
3:00 Wednesday vs 3:00 Tuesday2yr 99-31 vs 99-20+; 4.135% vs 4.234%5yr 99-24+ vs 99-12+; 4.176% vs 4.288%10yr 99-25 vs 99-01+; 4.400% vs 4.509%30yr 102-07+ vs 100-29+; 4.855% vs 4.946%2/10 26.271 bps vs 29.884 bps5/30 67.772 bps vs 67.664 bps
The US Treasury's 5-year auction hit a high yield of 4.200% on Wednesday, up from the 4.182% high in the previous auction.The bid to cover ratio for the auction was 2.35, slightly above the 2.34 ratio in the previous auction.Dealers represented 55.36% of the bids, with direct bidders at 13.02% and indirect bidders at 31.62%.For takedown, dealers took 12.89%, with direct bidders at 25.51% and indirect bidders at 61.60%.