Svensk prices $1.25 billion notes, NextEra sells $800 million floaters; PNM issues notes

By Devika Patel

Knoxville, Tenn., March 7 – Four primary deals priced on Wednesday, including Stockholm-based financial services company Swedish Export Credit Corp. selling $1.25 billion of 2.875% global notes due March 14, 2023.

Juno Beach, Fla., energy company NextEra Energy Capital Holdings Inc priced $800 million of floating-rate debentures due Sept. 3, 2019.

Helsinki, Finland-based credit institution Kommunalbanken AS sold $500 million more of its senior floating-rate notes due March 12, 2021, lifting the size of the issue to $1.2 billion.

Albuquerque-based energy holding company PNM Resources, Inc. sold $300 million of 3.25% senior notes due March 9, 2021.

Swedish Export Credit (Aa1/AA+) priced $1.25 billion of 2.875% global notes due March 14, 2023 at a spread of mid-swaps plus 18 basis points. The non-callable notes priced at 99.695 to yield 2.941%.

NextEra priced $800 million of floating-rate debentures (Baa1/BBB+/A-) due Sept. 3, 2019 at 99.903. Interest accrues at a rate equal to Libor plus 31.5 bps per annum. The debentures are guaranteed by NextEra Energy Capital Holdings’ parent company, NextEra Energy, Inc.

Kommunalbanken AS (Aaa/AAA) priced $500 million more of its senior floating-rate notes due March 12, 2021 with a coupon of Libor plus 4 bps.

PNM priced $300 million of 3.25% senior notes (Baa3/BBB) due March 9, 2021 at Treasuries plus 87.5 bps. Pricing was at 99.884 to yield 3.291%.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.