Shrinking supermarket paper supplies and a fair price made Ralphs Grocery Co.'s $300 million issue a hot ticket yesterday, one portfolio manager said.

"My shopping cart's full," said Ronald V. Speaker, a high-yield portfolio manager at Denver, Colo., Janus Capital Corp., who bought $7 million of the $8 million he wanted of the oversubscribed offering.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.