Dollar Tree, BMW, Salesforce.com, General Motors, Enbridge price; BNG, NWB sell notes

By Cristal Cody

Tupelo, Miss., April 5 – Corporate and government agency issuance picked up on Thursday with more than $13 billion of investment-grade bonds priced.

Dollar Tree Inc. sold $4 billion of senior notes in four tranches following the company’s fixed-income investor calls held on Tuesday.

BMW US Capital, LLC priced a $3.5 billion four-tranche offering of notes.

Salesforce.com, Inc. placed $2.5 billion of senior notes in two parts after the company held fixed-income investor calls earlier in the week.

General Motors Financial Co. Inc. brought $2.5 billion of senior notes in three tranches to the primary market.

Also, Enbridge Inc. priced $525 million of fixed-to-floating rate subordinated notes.

In other supply on Thursday, Bank Nederlandse Gemeenten NV sold $500 million of floating-rate notes.

Nederlandse Waterschapsbank NV priced a $250 million add-on to its senior floating-rate notes due 2019.

Looking ahead, several issuers are planning to hold roadshows.

Ausgrid Finance Pty Ltd. plans to start a roadshow for a benchmark-sized note offering on Friday.

On Monday, Syngenta AG will begin a roadshow for a benchmark-sized multi-tranche senior note offering.

Banco Santander, SA also has been holding a roadshow that started on Tuesday for a benchmark-sized dollar-denominated deal. BofA Merrill Lynch, Citigroup Global Markets, Inc., J.P. Morgan Securities LLC and Santander Investment Securities Inc. are the arrangers.

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