Issuers flood primary; Brooklyn Gas, Rockwell, Mitsui Sumitomo, Black & Decker, CDP price

By Cristal Cody

Tupelo, Miss., Feb. 27 – Nearly $6 billion of corporate bonds priced in the high-grade primary market on Wednesday.

The session also saw a $2 billion deal in the sovereign, supranational and agency space.

In corporate issuance, Brooklyn Union Gas Co. sold $1 billion of senior notes in two parts following fixed income investor calls on Tuesday.

Rockwell Automation, Inc. priced a $1 billion two-tranche offering of senior notes.

Mitsui Sumitomo Insurance Co. Ltd. sold $910 million of perpetual subordinated notes.

Huntsman International LLC came with $750 million of 10-year senior notes.

Stanley Black & Decker, Inc. sold $500 million of seven-year notes.

Travelers Cos., Inc. priced $500 million of 30-year senior notes.

Verisk Analytics, Inc. brought $400 million of 10-year senior notes on Wednesday.

Selective Insurance Group, Inc. sold $300 million of 30-year senior notes.

In SSA supply, CDP Financial Inc. priced $2 billion of three-year senior notes. More than $21 billion of high-grade corporate bonds have priced week to date.

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