"Most notably, Molina Healthcare priced $750 million of BB-rated notes at 182bps, marking the tightest pricing since 2021."
Does this include Hilton Domestic's 5.875% 550mm notes issued in March/2024?
Ford Motor also issued at a lower spread basis in January/2022 but anyhow. I assume this slipped because they're now low-quality IG but they were in fact HY at the time
"Most notably, Molina Healthcare priced $750 million of BB-rated notes at 182bps, marking the tightest pricing since 2021."
Does this include Hilton Domestic's 5.875% 550mm notes issued in March/2024?
Ford Motor also issued at a lower spread basis in January/2022 but anyhow. I assume this slipped because they're now low-quality IG but they were in fact HY at the time