Westpac, Fidelity National Information, Spirit Realty, Wells Fargo price; bonds improve

By Cristal Cody

Eureka Springs, Ark., Aug. 11 – High-grade bond pricing action continued on Thursday with more than $8 billion of securities sold during the session.

Westpac Banking Corp. priced $5 billion of fixed- and floating-rate notes in five tranches.

BofA Merrill Lynch, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC were the bookrunners.

Fidelity National Information Services, Inc. sold $2.5 billion in three tranches of senior notes, including the addition of a 30-year tranche.

Wells Fargo & Co. returned to the primary market to price a $600 million add-on to its five-year senior floating-rate notes.

Colorado Interstate Gas Co., LLC raised $375 million in an offering of 10-year senior notes.

Spirit Realty, LP brought $300 million of 10-year senior notes in a private Rule 144A and Regulation S-eligible deal on Thursday.

The Markit CDX North American Investment Grade index closed the day 1 basis point tighter at a spread of 71 bps.

Bunge Ltd. Finance Corp.’s 3.25% senior notes due 2026 that priced on Wednesday traded 5 bps better in the secondary market earlier in the day.

Black Hills Corp.’s 3.15% senior notes due 2027 were seen trading 5 bps tighter than issuance.

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