Citibank, BNY Mellon, KeyCorp, Nucor, Ausgrid price notes; Bacardi, Caisse hold deal calls

By Cristal Cody

Tupelo, Miss., April 23 – The high-grade bond market saw more bank and financial paper priced on Monday following strong issuance in the previous week.

Citibank, NA sold $3.5 billion of notes in two tranches.

Bank of New York Mellon Corp. came with $1.25 billion of senior medium-term notes in two tranches.

KeyCorp tapped the primary market with a $750 million offering of 10-year senior medium-term notes.

Also on Monday, Nucor Corp. sold $1 billion of notes following the company’s fixed-income investor calls held on Friday.

In addition, Ausgrid Finance Pty Ltd. priced a $1 billion two-part offering of senior notes.

In other investment-grade market activity during the session, Bacardi Ltd. (Ba1/BBB-/BBB-) held fixed-income investor calls for a dollar-denominated issue.

Also, Caisse de depot et placement du Quebec (Aaa/AAA/) kicked off a roadshow for a potential dollar-denominated bond deal, according to a market source.

The Quebec City-based public and parapublic pension plan and insurance program manager plans to hold fixed-income investor meetings over the week.

About $25 billion to $30 billion of new supply is expected by syndicate sources for the week.

The Markit CDX North American Investment Grade 30 index eased more than 1 basis point on Monday to close at a spread of 62 bps.

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