S&P credit rating: B-

 

HD Supply Waterworks

A sure way to tell if you’re being paid for the risk you’re taking on is to make sure that the coupon on new debt exceeds the issuer’s leverage. That wasn’t the case for this Waco, Texas issuer which came to the market last month, but investors lapped up the deal anyway, helping the company sell more than planned.

Pricing date: July 19

Yield: 6.125 percent vs. initial price target of about 6.5 percent

S&P rating: B-

 

Iraq

Three weeks was all Iraq needed between its defeat of Islamic State in the war-torn nation’s second-largest city and the successful sale of an unsupported $1 billion bond. Investors couldn’t get enough, placing bids almost seven times the issue size.