Runway Growth Finance (RWAY) said late Thursday that it has priced its underwritten public offering of $50 million of its 7.00% notes due Dec. 1, 2029.
The offering is expected to close May 29, the firm said.
The company said it plans to use the net proceeds for debt repayment and for general corporate purposes.
Truist Financial (TFC) said late Wednesday it will redeem all $1.50 billion of its fixed-to-floating rate senior notes due June 8, 2027, on the redemption date of June 8, 2026.The redemption price will be equal to 100% of the principal amount, the company said.
3:00 Wednesday vs 3:00 Tuesday2yr 99-30 vs 99-14; 4.031% vs 4.047%5yr 98-21 vs 98-20; 4.172% vs 4.183%10yr 99-05+ vs 99-02; 4.477% vs 4.491%30yr 99-27 vs 99-19; 5.009% vs 5.025%2/10 44.394 bps vs 44.178 bps5/30 83.336 bps vs 84.160 bps
The US Treasury's 5-year auction hit a high yield of 4.182% on Wednesday, up from the 3.955% high in the previous auction.The bid to cover ratio for the auction was 2.34, above the 2.33 ratio in the previous auction.Dealers represented 54.58% of the bids, with direct bidders at 7.88% and indirect bidders at 37.53%.For takedown, dealers took 12.80%, with direct bidders at 12.34% and indirect bidders at 74.85%.