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Costco, Camden, National Securities, European Bank price; IADB offers notes
By Cristal Cody
Tupelo, Miss., April 16 – High-grade supply slowed on Thursday to a handful of deals brought to the primary market.
Costco Wholesale Corp. priced $4 billion of senior notes in three tranches.
National Securities Clearing Corp. sold $2 billion of senior notes in a Rule 144A and Regulation S offering.
Camden Property Trust priced $750 million of 10-year notes.
Also, in sovereign, supranational and agency supply, the European Investment Bank sold $3 billion of five-year global notes.
Coming up on Friday in the SSA space, the Inter-American Development Bank is expected to price an offering of three-year global sustainable development notes.
Week to date, more than $50 billion of high-grade corporate bonds have priced, coming in above the $25 billion to about $50 billion of issuance expected this week.
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