Page 2 - Ramirez Co News Today

The Bank of New York Mellon Corporation priced a $500 million debt offering that was underwritten by minority, veteran- and woman-owned investment firms, the bank said in a statement on Thursday.... | June 11, 2023

The investor-driven committee created guidelines to help small- and medium-sized issuers provide more uniform disclosure.

Kenvue began trading under the ticker symbol "KVUE" May 4 in connection with its upsized initial public offering (IPO).

Outflows from municipal bond mutual funds intensified as Refinitiv Lipper reported $846.116 million was pulled from them as of Wednesday after $92.055 million of outflows the week prior. 

The Johnson & Johnson subsidiary that owns Neutrogena, Aveeno and more debuted on the New York Stock Exchange as Kenvue Thursday.

Taxable municipal issuance has decreased 40.9% year-over-year, but returns so far in 2023 are outperforming tax-exempts and high-yield.

The Investment Company Institute reported investors pulled $377 million from to mutual funds in the week ending April 12, after $229 million of inflows the previous week.

Johnson and Johnson is preparing an IPO for its Consumer Health business.

One underwriter called it a "violent inversion," given that the short end of the municipal and Treasury yield curves were so dislocated.

The "weakness in the secondary market will carry over into this week, which may lead to higher yields and wider spreads in the primary market," said CreditSights strategists Pat Luby and Sam Berzok.