Noble (NE) said late Monday it has priced an offering of $800 million of 6.25% senior notes due 2034 at par of the principal amount, with closing expected June 11.
The offering was upsized from $500 million previously, it said.
Net proceeds will be used to help redeem all of its 8.5% senior secured second lien notes due 2030 and $300 million of 8.0% senior notes due 2030, the company said.
Bank of Canada Senior Deputy Governor Carolyn Rogers cautioned against concluding the country is in a recession after recent data showed the economy contracted for a second consecutive quarter, Bloomberg is reporting Monday."Two quarters of annualized contraction in GDP does meet one definition of a recession. But simply the fact that you have to put the term 'technical' in front of it sort of tells you that you need to really look past that one indicator," Rogers told a parliamentary committee on Monday.Bloomberg noted real gross domestic product fell by 0.1% on an annualized basis during the first three months of the year, Statistics Canada reported Friday. That follows a 1% contraction in the fourth quarter, a downward revision from a 0.6% decrease previously reported by the federal agency.Rogers said employment data and leading indicators should also be taken into consideration, such as a flash estimate for industry-based GDP that suggested the economy grew by 0.4% in April. "I think we need to be careful not to put too much weight in any one indicator," Rogers told parliamentarians.(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Bank of Canada Senior Deputy Governor Carolyn Rogers cautioned against concluding the country is in a recession after recent data showed the economy contracted for a second consecutive quarter, Bloomberg is reporting Monday."Two quarters of annualized contraction in GDP does meet one definition of a recession. But simply the fact that you have to put the term 'technical' in front of it sort of tells you that you need to really look past that one indicator," Rogers told a parliamentary committee on Monday.Bloomberg noted real gross domestic product fell by 0.1% on an annualized basis during the first three months of the year, Statistics Canada reported Friday. That follows a 1% contraction in the fourth quarter, a downward revision from a 0.6% decrease previously reported by the federal agency.Rogers said employment data and leading indicators should also be taken into consideration, such as a flash estimate for industry-based GDP that suggested the economy grew by 0.4% in April. "I think we need to be careful not to put too much weight in any one indicator," Rogers told parliamentarians.(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
3:00 Monday vs 3:00 Friday2yr 99-28 vs 99-31; 4.049% vs 4.012%5yr 99-23 vs 99-28; 4.184% vs 4.146%10yr 99-06+ vs 99-12; 4.473% vs 4.451%30yr 100-05 vs 100-03+; 4.989% vs 4.992%2/10 42.152 bps vs 43.867 bps5/30 80.252 bps vs 84.507 bps