Hospitality Properties, Kommunalbanken price deals; Nederlandse, Oceaneering plan notes

By Cristal Cody

Tupelo, Miss., Jan. 30 – Deal action stayed steady over Tuesday’s session, though remains light with many companies still in earnings blackout periods.

Hospitality Properties Trust tapped the primary market with a $400 million offering of 12-year senior notes.

Western Digital Corp. priced $2.3 billion of split-rated notes.

Also, Providence St. Joseph Health Obligated Group priced $350 million of long 30-year taxable bonds.

In addition on Tuesday, Kommunalbanken AS sold $700 million of three-year floating-rate notes on the tight side guidance.

Looking ahead to supply on Wednesday, Nederlandse Waterschapsbank NV intends to price a $500 million offering of floating-rate notes.

Also, offshore oil and gas engineering products and services company Oceaneering International, Inc. is expected to bring split-rated 10-year senior notes to the primary market following a roadshow on Tuesday.

About $20 billion of high-grade issuance is expected by market sources for the week.

The Markit CDX North American Investment Grade 29 index eased about 1 basis point on Tuesday to a spread of 47 bps.

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