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UNITED STATES DEBT MARKET
US Libor
Aug-15
Nov-15
Feb-16
May-16
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
0.00% I I
Aug-16
30yr Avg
15yr Avg
Today (8/23/16)
1.00%
23
I
5
Libor
1 month
3 month
6 month
UST
08/23/16
52 bps
82 bps
121 bps
08/23/16
I
10
I
7
2yr
I
30
3yr
5yr
7yr
10yr
30yr
10 Year US Treasury
8/23/16
1.40%
3.20%
3.25%
2.70%
2.75%
2.20%
2.25%
8/23/16
1.54%
1.75%
1.70%
1.25%
1.20%
Aug-15
Nov-15
Feb-16
May-16
Aug-15
Aug-16
Nov-15
Feb-16
May-16
Aug-16
200 bps
4.00%
175 bps
3.50%
150 bps
125 bps
3.00%
100 bps
2.50%
8/23/16
2.50%
A
BBB 2.92%
75 bps
2.00%
8/23/16
92 bps
A
BBB 134 bps
1.50%
1.00%
Aug-15
Nov-15
Feb-16
May-16
Aug-16
8/23/16
94.32%
Aug-15
Nov-15
Nov-15
Feb-16
May-16
May-16
Aug-16
Aug-15
Nov-15
Feb-16
May-16
Aug-16
Source: Bloomberg
This market letter is not to be construed as a recommendation to buy, hold or sell any particular security.
Copyright 2016 Whitehall & Company, LLC
7 Times Square, 46th Floor, New York, NY 10036
Office: (212) 205-1380
Fax: (212) 205-1381
www.whitehallandcompany.com
Feb-16
25 bps
0 bps
Aug-15
50 bps
8/23/16
6.28%
Aug-16
9.50%
9.00%
8.50%
8.00%
7.50%
7.00%
6.50%
6.00%
5.50%
5.00%
Volume 6, Issue 34
August 23, 2016
Whitehall
SELECT US PRIVATE PLACEMENTS
Date Issuer
Type
$mm
Years
8/19
8/19
Blackstone Group LP
Ocean Spray Cranberries Inc
MRPS
CTL
8/19
Questar Gas Co
Sr Notes
$45
$20
$10
$46
$50
$50
7
7
20
20
30
35
Spread Coupon
Rating
175bps
3.61%
3.39%
1
2
135bps
140bps
3.62%
3.67%
Sector
Country
Financial
Consumer,
Non-Cyclical
Utilities
US
US
US
Source: Bloomberg
Type
8/18
Sr Notes
8/19
Sr Notes
8/16
8/19
Sr Notes
Sr Notes
$mm
Years
$350
$500
$400
$300
$375
$750
10
30
10
30
10
10
Spread Coupon
88bps
123bps
165bps
200bps
260bps
140bps
2.40%
3.50%
3.15%
4.20%
4.15%
2.95%
Rating
Sector
Country
A- / A3
Utilities
US
BBB / Baa1
Utilities
US
BBB- / Baa3
BBB / Baa3
Energy
Utilities
US
US
Source: Bloomberg
Type
$mm
Years
8/16
8/18
8/17
8/15
Sr Notes
Sr Notes
Sr Notes
Sr Notes
$500
$600
$550
$1,100
8
7
8
8
Spread Coupon
349bps
319bps
548bps
360bps
4.88%
4.50%
6.88%
4.88%
Rating
Sector
Country
B+ / B2
BB+ / Ba2
BBB- / B1
B / B3
Basic Materials
Industrial
Energy
Industrial
US
Netherlands
US
US
Source: Bloomberg
Type
Spread
Rating
Sector
Country
8/18
Term
$mm Months
$275
84
L+275bps
BB+
Industrial
US
8/18
Term
$3,225
86
L+250bps
BBB / Ba1
Consumer,
Cyclical
US
8/16
Term
$435
83
L+525bps
B / B1
Communications
US
8/17
8/19
8/17
Term
Term
Term
$3,000
$2,065
$1,000
80
84
96
L+375bps
L+350bps
L+300bps
BBB- / Ba1
B / B1
BB- / Ba3
Technology
Communications
Communications
US
US
US
Source: Bloomberg
CONTACT WHITEHALL
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Nicholas Page
Associate
(212) 205-1389
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This market letter is not to be construed as a recommendation to buy, hold or sell any particular security.
Roland DaCosta
Managing Director
(212) 205-1394
roland.dacosta@
whitehallandcompany.com
Aaron Richardson
Associate
(212) 205-1387
aaron.richardson@
whitehallandcompany.com