Wabtec, WEA, Lazard, Mitsubishi, Reliance price notes; BNG on deck

By Cristal Cody

Tupelo, Miss., Sept. 12 – Several issuers tapped the high-grade bond market on Wednesday.

Westinghouse Air Brake Technologies Corp. priced a $2.5 billion three-tranche offering of notes following the company’s fixed-income investor calls held at the start of the week.

WEA Finance LLC sold $1 billion of senior notes in two tranches.

Lazard Group LLC brought $500 million of 10-year senior notes to the primary market.

Mitsubishi UFJ Lease and Finance Co. Ltd. priced $500 million of five-year senior notes after the company completed a roadshow that started on Monday.

Also, Reliance Standard Life Global Funding II priced $350 million of five-year senior secured notes during the session.

Coming up on Thursday, NV Bank Nederlandse Gemeenten intends to price a dollar-denominated offering of five-year notes.

More than $21 billion of high-grade bonds have priced week to date.

Other issuers are marketing deals this week, including Unibail-Rodamco-Westfield SE, which held fixed-income investor meetings on Monday and investor calls on Tuesday for a benchmark-sized dollar-denominated Rule 144A and Regulation S offering of senior notes.

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