Booking, EOG, American Water, Prudential, Ipalco, Omers price notes

By Cristal Cody

Tupelo, Miss., April 8 – High-grade supply on Wednesday included more than $10 billion of corporate and sovereign, supranational and agency issuance.

Booking Holdings, Inc. led deal volume with a $3.25 three-part sale of senior notes.

EOG Resources, Inc. sold $1.5 billion of senior notes in two tranches. The company dropped a third tranche from its initial registered offering that was postponed on March 20.

New York Life Insurance Co. brought $1.25 billion of 30-year surplus notes to the primary market.

American Water Capital Corp. priced $1 billion of senior notes in two tranches.

Prudential plc sold $1 billion of 10-year senior notes following fixed income investor calls held on Monday and Tuesday.

Fashion retailer Nordstrom, Inc. priced an upsized $600 million of five-year senior secured notes (Baa2/BBB/) at par to yield 8.75% and an 828 basis points over Treasuries spread during the session. The offering, conducted off the high-yield desk, was upsized from $500 million.

Ipalco Enterprises Inc. priced $475 million of 10-year senior secured notes.

In addition, Omers Finance Trust sold $1 billion of three-year senior notes.

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