BG bolsters high-grade with $3bn energy boost

06 Oct 2011

A bond issue from BG Group that racked up nearly $10bn in orders helped bring the US high-grade market back to life on Thursday after a mixed week. The A2/A/A rated UK issuer, which doubled its initial plan to sell $1.5bn, topped a successful $3.5bn trio of energy company deals.

The company’s $3bn three tranche offering, via Citigroup, Barclays Capital, Mizuho and RBC Capital Markets, was its first Yankee since last December. It consisted of a $750m five year piece at 190bp over Treasuries, a $1.35bn 10 year at plus 210bp and a $900m 30 year launched at ...

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