Some New Issue Price Talk

January 29th, 2009 12:14 pm | by John Jansen |

I do not have spread talk for the Hess tranches.ATT is offering a 5 year, a 10 year and a 30 year. The spread talk on each leg is 300 to 3 1/8.  I am told that is a concession to outstanding paper of about 50 basis points.Goldman Sachs is offering a non FDIC wrapped 10 year. The prices talk is 500 basis points and that is a concession of 80 basis points to 90 basis points.General Mills is offering a 10 year and the talk is 2 7/8 to 300 basis points. That is a spread of 10 basis to 20 basis points to comps.

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