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Published on 10/5/2020 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily, Prospect News Preferred Stock Daily and Prospect News Private Placement Daily.

Berkshire Hathaway, PepsiCo, Everest Reinsurance, Leidos, WEC Energy price

By Cristal Cody

Tupelo, Miss., Oct. 5 – The investment-grade primary market stayed busy on Monday with more than $8 billion of corporate and sovereign, supranational and agency bonds priced.

Berkshire Hathaway Finance Corp. sold $2.5 billion of guaranteed senior notes in two tranches.

The deal included $750 million of 10-year notes and $1.75 billion of 30-year notes.

PepsiCo Inc. priced $1.5 billion of senior notes in two parts, as well as €1.5 billion of fixed-rate senior notes in two tranches.

PepsiCo sold $750 million of three-year notes in an inaugural tranche of diversity and inclusion bonds and a $750 million offering of notes due Feb. 25, 2031.

Everest Reinsurance Holdings Inc. came by with $1 billion of 30-year senior notes.

Leidos Holdings Inc. priced $1 billion of guaranteed senior notes due Feb. 15, 2031 in a Rule 144A and Regulation S offering on Monday.

WEC Energy Group, Inc. priced $950 million of senior notes in two parts, including $500 million tranche of seven-year notes and $450 million of 10-year notes.

Protective Life Global Funding brought $500 million of three-year funding agreement-backed notes to the primary market.

Also, Swedish Export Credit Corp. sold $1.25 billion of global notes due Sept. 29, 2023.


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