Mauser Debt Sale; Credit ETF Inflows

Mauser Packaging accelerated timing of a roadshow for its $2.75 billion bond and $750 million loan to Monday. After predicting a market rotation into credit, BlackRock’s exchange-traded credit funds are set for their biggest ever January inflows.

• The spread on the Markit CDX North American Investment Grade Index, which rises with increased credit risk, opened about 1.8 basis point wider to trade at about 73.3 basis points at 7:20 a.m. in New York
• Proceeds from the Mauser offering — discussed at a yield in the mid-high 8%s for the bonds — will refinance existing secured debt and a 2017 …