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Whitehall: Monitoring The Markets Vol. 3 Iss. 38 (October 16, 2013)
Whitehall: Monitoring The Markets Vol. 3 Iss. 38 (October 16, 2013)
Whitehall: Monitoring The Markets Vol. 3 Iss. 38 (October 16, 2013)
Whitehall
UNITED STATES DEBT MARKET
US Libor
6 mth 3 mth 1 mth 90 bps 80 bps 70 bps 60 bps 50 bps 40 bps 30 bps 20 bps 10 bps 0 bps 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% I I 30yr Avg 15yr Avg Today (10/16/13)
23
Libor 10/16/13 1 month 17 bps 3 month 24 bps 6 month 36 bps
I 5
I 7
I 10
2yr 3yr 5yr 7yr
I 30
UST 10/16/13
10yr
30yr
10 Year US Treasury
3.00% 2.50% 2.00% 1.50% 1.00%
Source: Bloomberg This market letter is not to be construed as a recommendation to buy, hold or sell any particular security. Copyright 2013 Whitehall & Company, LLC 7 Times Square, 46th Floor, New York, NY 10036 Office: (212) 205-1380 Fax: (212) 205-1381 www.whitehallandcompany.com
Whitehall
SELECT US PRIVATE PLACEMENTS
Type
Snr Notes
Date
10/11 BASF
Issuer
$mm
$1,250
Years Spread
12 15 21 12 15 10 12 15 7 10 10 15 30 30 125bps 145bps 120bps 130bps 135bps 100bps 110bps 130bps 225bps 230bps 130bps 165bps 150bps 160bps
Coupon
3.89% 4.09% 4.43% N/A 3.64% 3.74% 3.94% 4.29% 4.94% N/A
Rating
1
Sector
Basic Materials
Country
Germany
$250 $170
2 N/A
Canada USA
$100 $135
2 2
Financial Utilities
USA USA
Public and private market information is from sources that are deemed reliable, but information has not been confirmed.
$mm
$950 $1,350 $2,750
Years Spread
30 10 30 5 10 30 3 3 200bps 140bps 165bps 120bps 180bps 165bps FRN 42bps
Coupon
5.63% 4.00% 5.38% 2.50% 4.38% 5.38% L+29bps 6.50%
Rating
A1/AAA3 Aa3/A+
Sector
Basic Materials Utilities Energy
Country
Chile United Kingdom China
10/10 Corp Nacional del Cobre de Chile 10/10 Centrica PLC 10/9 Sinopec Group Overseas Development Ltd 10/8 John Deere Capital Corp
Source: Bloomberg
Snr Notes
$750
A2/A
Industrial
USA
Issuer
T-Mobile USA Inc
Type
Snr Notes
$mm
$3,100
Years Spread
6 7 8 9 10 5 7 10 441bps 460bps 447bps 444bps 450bps N/A
Coupon
6.46% 6.52% 6.63% 6.73% 6.83% 7.13% 6.00% 5.00%
Rating
Ba3/BB
Sector
Communications
Country
USA
10/7
Snr Sec
$733
Ba3
Consumer, Cyclical
Australia
Source: Bloomberg
$mm
$250 $2,500 $1,000
Months
60 84 60
Spread
L+225bps L+250bps L+175bps
Rating
BB+ BB
Sector
Technology Energy
CONTACT WHITEHALL
Jonathan Cody Managing Director (646) 450-9750 jp.cody@ whitehallandcompany.com Timothy Page Managing Director (212) 205-1399 timothy.page@ whitehallandcompany.com Roland DaCosta Managing Director (212) 205-1394 roland.dacosta@ whitehallandcompany.com Oliver Langel Managing Director (212) 205-1386 oliver.langel@ whitehallandcompany.com Vincas Snipas Managing Director (212) 205-1385 vincas.snipas@ whitehallandcompany.com Susan Vick Managing Director (212) 205-1398 susan.vick@ whitehallandcompany.com Brian Burchfield Director (212) 205-1395 brian.burchfield@ whitehallandcompany.com
This market letter is not to be construed as a recommendation to buy, hold or sell any particular security. Copyright 2013 Whitehall & Company, LLC 7 Times Square, 46th Floor, New York, NY 10036 Office: (212) 205-1380 Fax: (212) 205-1381 www.whitehallandcompany.com