U.S. Bank, BP Capital, Piedmont Gas, Sabra, IBRD, Kommuninvest, Tokyo Metro price notes

By Cristal Cody

Tupelo, Miss., May 21 – Primary supply remained strong on Tuesday with investment-grade corporate and sovereign, supranational and agency issuance.

U.S. Bank NA priced $1.25 billion of three-year senior bank notes in two tranches.

BP Capital Markets plc came with $1 billion of 18-month floating-rate notes.

Piedmont Natural Gas Co., Inc. sold $600 million of 10-year senior notes.

Sabra Health Care LP and Sabra Capital Corp. placed $300 million of five-year senior notes 25 basis points tighter than initial talk.

Also, Toyota Motor Credit Corp. sold $75 million of three-year medium-term callable notes during the session.

In the SSA primary market on Tuesday, the International Bank for Reconstruction and Development, or World Bank, priced $4 billion of three-year global notes.

Kommuninvest I Sverige AB brought an upsized $1.25 billion of two-year notes.

Also, the Tokyo Metropolitan Government priced $1 billion of five-year senior notes.

More than $13 billion of investment-grade bonds have priced week to date.

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