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Published on 5/13/2020 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily, Prospect News Preferred Stock Daily and Prospect News Private Placement Daily.

Entergy, DuPont, Alleghany, Brighthouse, Duke, Japan Bank, NIB price

By Cristal Cody

Tupelo, Miss., May 13 – Investment-grade issuers brought corporate and sovereign, supranational and agency supply to the primary market on Wednesday.

Entergy Corp. brought $1.2 billion of senior notes (Baa2/BBB/) in two tranches.

E.I. DuPont de Nemours and Co., doing business as Corteva Agriscience, priced $1 billion of senior notes (A3/A-/A) in two parts.

Alleghany Corp. sold $500 million of 10-year notes (Baa1/BBB+/).

Brighthouse Financial Inc. priced $500 million of 10-year senior notes (Baa3/BBB+/BBB).

Duke Energy Corp. priced $500 million of 10-year senior notes (Baa1/BBB+/BBB+).

Stifel Financial Corp. priced $400 million of 10-year senior notes (/BBB-/BBB).

UnitedHealth Group Inc. offered five tranches of senior notes (A3/A+/A-) during the session.

Regions Financial Corp. marketed five-year senior notes (Baa2/BBB+/BBB+) that had initial price guidance in the Treasuries plus 235 bps area.

Also, Verizon Communications Inc. offered two tranches of registered Canadian dollar-denominated notes.

In SSA activity, Japan Bank for International Cooperation priced $2 billion of three-year guaranteed bonds (A1/A+/) on Wednesday tighter than guidance.

Nordic Investment Bank upsized its offering of three-year global notes (Aaa/AAA/) to $1.5 billion from $1 billion.


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