Wells Fargo, Morgan Stanley, Marathon, Constellation Brands, SSA price; inflows dip

By Cristal Cody

Tupelo, Miss., April 23 – High-grade supply ramped up on Thursday with more than $17 billion of corporate bonds and $3 billion of sovereign, supranational and agency notes priced.

Wells Fargo & Co. led supply with a $6.5 billion two-part offering of medium-term senior redeemable fixed-to-floating-rate notes.

Morgan Stanley came by with $3 billion of six-year global medium-term fixed-to-floating-rate senior notes.

Expedia Inc. priced an upsized $2.75 billion of five-year notes in two tranches in a Rule 144A deal.

Marathon Petroleum Corp. sold $2.5 billion of senior notes in two tranches.

Constellation Brands, Inc. priced $1.2 billion of senior notes in two parts.

Also, Nasdaq, Inc. tapped the primary market on Thursday with $500 million of 30-year senior notes.

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

In addition, First Horizon Bank priced an upsized $450 million of 10-year subordinated notes.

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