- High yield 4.683%
- WI 4.682%
- Tail 0.1 basis points vs average of +0.3 basis points
- Bid to cover 2.53X vs 6 month average of 2.47X
- Directs 14.7% vs 17.7% average
- Indirects 76.7% vs 71.3% average
- Dealers 8.6% vs 11.0% average
Auction Grade: B+
There was a modest tail but it is against an average of 0.3% BId to cover was higher vs the average (good). Domestic buyers were less than the average but international demand was stronger. The dealer were left with less than the average which is the best part and leads to the solid B+ grade.
This article was written by Greg Michalowski at investinglive.com.
