High-grade supply surges; Comcast, Lowe’s, MasterCard, Citi, Baxter, Kimberly-Clark price

By Cristal Cody

Tupelo, Miss., March 24 – High-grade issuers priced nearly $20 billion of new paper over Tuesday’s session as the market tone improved despite the coronavirus-related volatility.

Comcast Corp. priced $4 billion of senior notes in four tranches.

Lowe's Cos., Inc. sold $4 billion of notes in four tranches.

MasterCard Inc. priced $4 billion of notes in three tranches.

Citigroup Inc. priced $4 billion of 11-year fixed-to-floating-rate senior notes.

Baxter International Inc. sold $1.25 billion of senior notes in two parts.

Florida Power & Light Co. brought $1.1 billion of five-year first mortgage bonds.

Kimberly-Clark Corp. priced $750 million of 10-year senior notes.

Chevron Phillips Chemical Co. LLC came with $650 million of five-year senior notes.

Also, the Kingdom of Sweden priced $2 billion of two-year bonds.

Final pricing was fixed at 40 basis points above the U.S. benchmark.

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