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UNITED STATES DEBT MARKET
US Libor
6.00%
5.00%
30 bps
4.00%
20 bps 3.00%
6 mth
3 mth
1 mth
10 bps 2.00%
0 bps
0.00% I I
23
I
5
Libor
1 month
3 month
6 month
UST
21 bps
34 bps
54 bps
09/16/15
9/16/15
2.24%
3yr
5yr
7yr
10yr
30yr
9/16/15
2.21%
3.25%
3.25%
2.75%
2.75%
2.25%
2.25%
1.75%
1.75%
1.25%
1.25%
2yr
I
30
10 Year US Treasury
9/16/15
A
3.44%
BBB 3.88%
I
10
I
7
09/16/15
30yr Avg
15yr Avg
Today (9/16/15)
1.00%
175 bps
150 bps
125 bps
100 bps
75 bps
50 bps
9/16/15
A
125 bps
BBB 169 bps
25 bps
0 bps
9/16/15
7.12%
7.50%
98.50
7.00%
97.50
6.50%
96.50
6.00%
95.50
5.50%
94.50
5.00%
Source: Bloomberg
This market letter is not to be construed as a recommendation to buy, hold or sell any particular security.
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
Volume 5, Issue 34
September 16, 2015
Whitehall
SELECT US PRIVATE PLACEMENTS
Date Issuer
Type
9/15
CF Industries Inc
Snr Notes
9/15
Snr Sec
$mm
$250
$500
$250
7
10
5
260bps
275bps
N/A
4.49%
4.93%
4.08%
Rating
Sector
Country
Basic Materials
US
Energy
US
Public and private market information is from sources that are deemed reliable, but information has not been confirmed.
Type
9/11
Canadian Pacific RR Co
Sr Unsecured
$mm
$300
185bps
4.80%
Sr Unsecured
$900
100
314bps
6.13%
9/11
Sr Unsecured
$400
10
183bps
3.31%
Rating
Sector
Country
Canada
BBB+
Utilities
Canada
Sector
Country
Source: Bloomberg
Type
$mm
Rating
Type
$mm Months
Spread
Rating
Sector
Country
9/8
Term
$1,000
59
L+200bps
BBB / Ba2
US
Term
$800
83
L+275bps
Consumer,
Non-cyclical
Rev
$500
59
L+200bps
Term
$250
69
L+325bps
B+ / B2
Communications
Luxembourg
9/8
Source: Bloomberg
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This market letter is not to be construed as a recommendation to buy, hold or sell any particular security.
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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