Corporate Bond Originations

With a national sales platform and bankers with expertise in 11 key industries, BB&T Capital Markets is strongly positioned to deliver premium fixed-income execution to its large and middle market clients.

Backed by our substantial credit research and a broad array of corporate and investment banking tools, we can tailor offerings to address your specific needs in light of prevailing conditions in the capital markets and in your industry sector.

Depending on your needs, our fixed income products can include:

  • Senior Debt (investment grade and high yield)
  • Subordinated Debt (investment grade and high yield)
  • Convertible Debt (investment grade and high yield)
  • Private Placements
  • Trust Preferred Securities (institutional and retail)
  • Redeemable Preferred Securities (institutional and retail)
  • Perpetual Preferred Securities (institutional and retail)
  • Convertible Preferred Securities (institutional and retail)
  • Optimal Financing Strategies
  • Liability Management


We offer nationwide coverage of the public debt markets as well as the 144a market. In addition, we manage non-144a private placements.

 

BB&T Capital Markets bankers participated in more than 130 corporate bond issues for clients in 11 industries in 2012 alone, more than doubling the volume from the previous year.

  • Arizona Public Service Company

    On January 7, 2015, BB&T Capital Markets served as a co-manager for a $250 million offering of 2.20% Senior Notes due 2020 by Arizona Public Service Co. Proceeds from the transaction are being used to repay amounts outstanding under the issuer’s commercial paper program. This deal represents BB&T’s first bond business with APS.

  • Ventas Realty

    On January 7, 2015, BB&T Capital Markets served as a co-manager for a two-tranche offering of senior notes by Ventas Realty, L.P. The offering consisted of a $600 million offering of 3.50% notes due 2025 and a $300 million offering of 4.375% notes due 2045. Proceeds from the transaction are being used for general corporate purposes, including consideration for acquisitions.

  • BB&T Corporation

    On December 3, 2014, BB&T Capital Markets served as a lead manager for a $1.5 billion offering of senior notes due 2020 by BB&T Corporation. The offering consisted of a $1.3 billion tranche of 2.45% senior medium-term notes and a $200 million offering of floating rate medium-term notes. Proceeds from the offering may be used for acquisitions, share repurchases, repayment of maturing obligations, and refinancing of outstanding indebtedness and extending credit to, or funding investments in, BB&T’s subsidiaries.

  • UnitedHealth Group Incorporated

    On December 3, 2014, BB&T Capital Markets served as a co-manager for a $2 billion, three-tranche offering of notes by UnitedHealth Group. A $750 million tranche of 1.40% notes matures in 2017; a $500 million tranche of 2.30% notes matures in 2019; and a $750 million tranche of 2.875% notes matures in 2021. The transaction represents our seventh with this issuer over the past ten years. Proceeds from the transaction are being used for working capital requirements; the redemption or repurchase of outstanding securities; refinancing debt; financing acquisitions; and other general corporate purposes.

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  • Tenneco Inc.

    On December 2, 2014, BB&T Capital Markets served as a co-manager for a $225 million offering of 5.375% senior notes due 2024 by Tenneco Inc. This high yield deal represents our first bond transaction with Tenneco. Proceeds from the transaction are being used for a tender offer of $225 million of Tenneco’s outstanding 7.75% senior notes and the redemption of any such notes not tendered.

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  • Oxford Lane Capital Corporation (NASDAQ GS: OXLC)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a registered closed-end management investment company in the fourth quarter of 2014, helping to raise $25,000,000 in gross proceeds for our client. The preferred shares trade on the NASDAQ GS under the symbol “OXLCN.” The Company intends to use the net proceeds from this offering to acquire investments in accordance with its investment objective and strategies and for general working capital purposes. The Company has granted the underwriters a 30-day option to purchase an additional 150,000 shares at the public offering price to cover over-allotments, if any.

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William E. HardySenior Managing DirectorHead of Debt Capital Markets804-649-3952email Download My vCardView Bio
Samuel R. ShireySenior Vice PresidentInvestment Banker, Debt Originations704-954-1578email Download My vCardView Bio
Bert NewsomeManaging Director Manager of Debt Private Placements336-547-2164email Download My vCardView Bio