ING, AXA affiliates, Swedish Export Credit, Quebec price notes; Lowe’s eyes market

By Cristal Cody

Tupelo, Miss., April 2 – Investment-grade corporate, sovereign, supranational and agency issuers were in the primary market on Tuesday.

ING Groep NV priced $2 billion of senior notes in two tranches.

AXA Equitable Holdings Inc. affiliates sold $1 billion of pre-capitalized trust securities in two parts.

Swedish Export Credit Corp. placed $1 billion of two-year global notes.

The Province of Quebec brought $1 billion of five-year global notes during the session.

Meanwhile, Lowe's Cos. Inc. held fixed income investor calls on Tuesday for an upcoming bond offering.

Week to date, high-grade volume totals about $6.5 billion, including $1.5 billion of bonds priced on Monday.

Vinci SA remains in the deal pipeline after holding fixed income investor calls on Monday.

The company (A3/A-) plans to price a debut Rule 144A and Regulation S offering of dollar-denominated notes, a source said.

HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC are the bookrunners.

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