Macquarie prices $2.5 billion notes; Express Scripts, Starbucks, Royal Caribbean tap primary

By Cristal Cody

Tupelo, Miss., Nov. 20 – Macquarie Group Ltd. led pricing action in the high-grade bond market on Monday with a $2.5 billion three-part offering of senior notes.

Also on Monday, Express Scripts Holding Co. priced a $1.4 billion three-tranche offering of guaranteed senior notes.

Starbucks Corp. raised $1 billion in a two-tranche sale of senior notes.

In addition, Royal Caribbean Cruises Ltd. priced $800 million of senior notes in two parts.

Monday and Tuesday are expected to be the busiest sessions of the week for primary activity, a source said.

Market sources expect about $5 billion to $10 billion of total issuance for the week.

The Markit CDX North American Investment Grade 29 index ended slightly tighter at a spread of 55 basis points.

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