DuPont, Northern Trust, Liberty Mutual, Baker Hughes, Dexia price notes

By Cristal Cody

Tupelo, Miss., April 28 – High-grade deal volume slowed to about $5.5 billion on Tuesday following about $25 billion of issuance on Monday.

DuPont de Nemours, Inc. brought $2 billion of three-year senior notes to the primary market.

The company dropped a tranche of floating-rate three-year notes from the final offering.

Northern Trust Corp. priced $1 billion of 10-year senior notes.

Liberty Mutual Group Inc. sold $500 million of 40-year senior notes.

Co-issuers Baker Hughes Holdings LLC and Baker Hughes Co-Obligor, Inc. priced $500 million of 10-year senior notes after holding fixed income investor calls on Monday.

Meanwhile, the session also saw sovereign, supranational and agency supply with a new issue from Dexia Credit Local SA.

The Brussels, Belgium-based regional bank priced $1.5 billion of three-year senior notes.

Investment-grade supply totals more than $30 billion week to date.

About $40 billion to $50 billion of volume is expected by market sources this week.

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