Professional Documents
Culture Documents
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 (11/26/13)
23
Libor 11/26/13 1 month 16 bps 3 month 24 bps 6 month 34 bps
I 5
I 7
I 10
2yr 3yr 5yr 7yr
I 30
UST 11/26/13
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 Sec Snr Notes
Date
Issuer
$mm
$425 $524
Years Spread
10 12 6 8 10 10 10 10 15 30(15.5avg) 15 30 7 10 10 12 5 7 10 12 15 8 10 30 30 205bps 205bps 155bps 160bps 165bps 130bps 170bps 200bps 205bps 190bps 128bps 105bps G+136bps G+120bps 140bps 155bps 90bps 105bps 115bps 130bps 150bps 115bps 100bps 115bps 125bps
Coupon
4.82% 4.93% N/A
Rating
2 2
Sector
Industrial Consumer, NonCyclical
Country
Canada Switzerland
11/22 AquaSure 11/22 Oldendorff Carriers GmbH 11/22 East Kentucky Power Cooperative 11/22 Northwestern Corp 11/22 Britvic plc
4.48% 4.84% 5.16% 4.61% 3.99% 4.85% 3.40% 3.92% 4.09% 4.24% 2.27% 3.12% 3.88% 4.03% 4.23% N/A
2 2 2 1 2
Snr Notes
$750
Industrial
USA
FMB
$215
Energy
USA
Public and private market information is from sources that are deemed reliable, but information has not been confirmed.
$mm
$500 $1,000
Years Spread
10 2 10 138bps FRN 75bps
Coupon
4.05% L+5bps 3.35%
Rating
Baa1 A2/A
Sector
Utilities Industrial
Country
USA USA
$mm
$700 $1,000
Years Spread
8 8 313bps 358bps
Coupon
5.50% 6.25%
Rating
BB-/Ba1 Ba3/BB+
Sector
Consumer, NonCyclical Energy
Country
USA USA
$mm
$100 $125 $730
Months
60 60 72
Spread
L+425bps L+425bps L+450bps
Rating
Caa1/B-
Sector
Consumer, Cyclical
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