Huntsman, Centene Join Junk Bond Queue

Two more companies joined the high yield bond forward calendar and are expected to price today.

Huntsman is on the market with an offering of $300 million in senior notes due 2020. The Woodlands, Texas-based chemical provider said it would issue the bonds through subsidiary Huntsman International. The company will use the proceeds to repay existing debt. Bank of America Merrill Lynch is the lead bookrunner. As of Sept. 30, the company had $3.55 billion in long-term debt, according to a regulatory filing. Huntsman is rated Ba3 by Moody’s Investors Service and BB by Standard & Poor’s.

St. Louis-based healthcare services company Centene is on the market with an offering of $150 million in add-on of 5.75% Senior Notes due 2017. Barclays and Wells Fargo are the bookrunners. The company initially priced $250 million in the notes in May of 2011. It plans to use the proceeds for general corporate purposes. The bonds are rated Ba2 by Moody’s and BB by S&P.