Whitehall: Monitoring The Markets Vol. 5 Iss. 37 (October 7, 2015)
2
Volume 5, Issue 37 October 7, 2015 Whitehall UNITED STATES DEBT MARKET US Libor US Treasury Yield Curve Libor 1 month 3 month 6 month UST 2yr 3yr 5yr 7yr 10yr 30yr 10/07/15 19 bps 33 bps 53 bps 10/07/15 0.61% 0.86% 1.34% 1.63% 2.05% 2.90% 10 Year US Swap Rates 10 Year US Treasury Average 10 Y ear U S I ndustrial Yield Average 10 Year US Industrial S preads S&P/LSTA Leveraged Loan Index Average Junk-Bond Yield Source: Bloomberg This market letter is not to be construed as a recommendation to buy, hold or sell any particular security. 1.25% 1.75% 2.25% 2.75% 3.25% 10/7/15 2.05% 0 bps 10 bps 20 bps 30 bps 40 bps 50 bps 6 mth 3 mth 1 mth 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 30yr Avg 15yr Avg Today (10/7/15) 2 3 30 I I I 7 5 10 I I I 1.25% 1.75% 2.25% 2.75% 3.25% 10/7/15 2.04% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% A BBB 10/7/15 3.24% 3.69% 0 bps 25 bps 50 bps 75 bps 100 bps 125 bps 150 bps 175 bps A BBB 10/7/15 125 bps 170 bps 93.50 94.50 95.50 96.50 97.50 98.50 99.50 10/7/15 93.95% 5.00% 5.50% 6.00% 6.50% 7.00% 7.50% 8.00% 10/7/15 8.16% Copyright © 2015 Whitehall & Company, LLC 7 Times Square, 46th Floor, New York, NY 10036 Office: (212) 205-1380 Fax: (212) 205-1381 www.whitehallandcompany.com
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Transcript of Whitehall: Monitoring The Markets Vol. 5 Iss. 37 (October 7, 2015)
8/20/2019 Whitehall: Monitoring The Markets Vol. 5 Iss. 37 (October 7, 2015)
http://slidepdf.com/reader/full/whitehall-monitoring-the-markets-vol-5-iss-37-october-7-2015 1/2
Volume 5, Issue 37October 7, 2015 Whitehal
UNITED STATES DEBT MARKETUS Libor US Treasury Yield Curve
Libor 1 month 3 month 6 month UST 2yr 3yr 5yr 7yr 10yr 30yr
10/07/15 19 bps 33 bps 53 bps 10/07/15 0.61% 0.86% 1.34% 1.63% 2.05% 2.90%
10 Year US Swap Rates 10 Year US Treasury
Average 10 Year US Industrial Yield Average 10 Year US Industrial Spreads
S&P/LSTA Leveraged Loan Index Average Junk-Bond Yield
Source: Bloomberg
This market letter is not to be construed as a recommendation to buy, hold or sell any particular security.
1.25%
1.75%
2.25%
2.75%
3.25%10/7/152.05%
0 bps
10 bps
20 bps
30 bps
40 bps
50 bps
6 mth3 mth1 mth
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
30yr Avg15yr AvgToday (10/7/15)
2 3 30I II
75 10I II
1.25%
1.75%
2.25%
2.75%
3.25%10/7/152.04%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%4.50%
5.00%
ABBB
10/7/153.24%3.69%
0 bps
25 bps
50 bps
75 bps
100 bps
125 bps
150 bps
175 bps
A
BBB
10/7/15125 bps170 bps
93.50
94.50
95.50
96.50
97.50
98.50
99.5010/7/15
93.95%
5.00%
5.50%
6.00%
6.50%
7.00%7.50%
8.00%10/7/15
8.16%
Copyright © 2015 Whitehall & Company, LLC
7 Times Square, 46th Floor, New York, NY 10036
Office: (212) 205-1380 Fax: (212) 205-1381
www.whitehallandcompany.com
8/20/2019 Whitehall: Monitoring The Markets Vol. 5 Iss. 37 (October 7, 2015)
http://slidepdf.com/reader/full/whitehall-monitoring-the-markets-vol-5-iss-37-october-7-2015 2/2
Volume 5, Issue 37October 7, 2015 Whitehal
Date Issuer Type $mm Years Spread Coupon Rating Sector Country10/2 I-595 Express LLC Sr Sec $827 16.2
(6.6 avg)
155bps 3.32% 1 Industrial US
10/2 MDU Resources Group Sr Notes $87
$52
$11
10d
15d
30d
170bps
195bps
200bps
3.78%
4.03%
4.87%
2 Utilities US
10/2 RREEF America REIT II Sr Notes $75
$75$75
7
1012
165bps
170bps180bps
3.39%
3.73%3.83%
1 Financial US
Public and private market information is f rom sources that are deemed reliable, but information has not been confirmed.
Date Issuer Type $mm Years Spread Coupon Rating Sector Country10/1 Autoridad del Canal de
Panama
Sr Unsecured $450 20 220bps 4.95% A- / A2 Industrial Panama
9/28 Kentucky Utilities Co Secured $250 10 110bps 3.30% A / A1 Utilities US
Secured $250 30 135bps 4.38%
9/28 Louisville Gas & Electric Secured $300 10 110bps 3.30% A / A1 Utilities US
Secured $250 30 135bps 4.38%
10/1 PPL Electric Utilities Secured $350 30 132bps 4.15% A / A1 Utilities USSource: Bloomberg
Date Issuer Type $mm Years Spread Coupon Rating Sector Country10/1 Beacon Roofing Supply Inc Sr Unsecured $300 8 N/A 6.38% B+ / B3 Consumer,
Cyclical
US
10/1 Berry Plastics Escrow 2nd lien $400 7 N/A 6.00% B / B3 Industrial US
9/29 Orbital ATK Inc Sr Unsecured $400 8 N/A 5.50% BB / Ba3 Industrial US
Source: Bloomberg
Date Issuer Type $mm Months Spread Rating Sector Country9/30 National Fuel Gas Co Rev $500 11 L+125bps N/A Utilities US
10/1Ohio Transmission Corp Term $135 72
L+425bpsN/A Industrial US
Delay-Draw Term $25 72 L+425bps
Rev $20 72 L+425bps
9/30 Southern Co Bridge Term $8,100 12 L+113bps N/A Utilities US
Source: Bloomberg
This market letter is not to be construed as a recommendation to buy, hold or sell any particular security.
SELECT US PRIVATE PLACEMENTS
US PUBLIC MARKET ISSUANCESSELECT INVESTMENT GRADE ISSUANCES
SELECT BELOW INVESTMENT GRADE ISSUANCES
SELECT CLOSED SYNDICATED LOANS
CONTACT WHITEHALL
Todd BrusselManaging Director (212) [email protected]
Vincas SnipasManaging Director (212) [email protected]
Geoffrey WilsonManaging Director (212) [email protected]
Roland DaCostaManaging Director (212) [email protected]
Jonathan CodyManaging Director (646) [email protected]
Timothy PageManaging Director (212) [email protected]
Richard AshbyManaging Director (212) [email protected]
Nicholas Page Associate(212) [email protected]
Blaine Burke Associate(212) [email protected]
Brian BurchfieldManaging Director (212) [email protected]
Van ThorneManaging Director (212) [email protected]
Copyright © 2015 Whitehall & Company, LLC
7 Times Square, 46th Floor, New York, NY 10036
Office: (212) 205-1380 Fax: (212) 205-1381
www.whitehallandcompany.com
