CREDIT DAYBOOK AMERICAS: Home Depot Eyes Jumbo Bond Sale for SRS

Wall Street banks are expecting as much as $30 billion to price in the investment-grade market this week, including a potential jumbo deal from Home Depot. Overall borrowing costs remain favorable for issuers, with the yield to worst just off of its lowest since March.

• Home Depot started sounding out investors last week for a corporate bond sale that could range between $7 billion and $10 billion to help fund its acquisition of SRS Distribution
  • Other investment-grade issuers that could tap the market include a unit of CenterPoint Energy and Plains All American Pipeline, after both held fixed-income investor ...