Crown Castle, Hormel, Scotia, MassMutual, Reinsurance Group, BankUnited price

By Cristal Cody

Tupelo, Miss., June 4 – A handful of corporate issuers priced about $7 billion of bonds in the high-grade primary market on Thursday.

Crown Castle International Corp. sold $2.5 billion of senior notes in three tranches.

Hormel Foods Corp. priced $1 billion of 10-year notes.

Bank of Nova Scotia tapped the market with $1 billion of five-year senior bail-inable notes.

MassMutual Global Funding II came by with $1 billion of three-year funding agreement-backed notes.

Reinsurance Group of America, Inc. priced an upsized $600 million of 10-year senior notes.

BankUnited, Inc. sold $300 million of 10-year subordinated notes (Baa3//BBB-).

Also, Athene Holding Ltd. priced $600 million of reset perpetual non-cumulative preference shares (/BBB-/BBB-) in an offering upsized from $200 million.

Deal volume totals more than $46 billion week to date, near the high end of the $30 billion to $50 billion of supply expected by market participants for the week.

Refinitive Lipper US Fund Flows reported on Thursday that investment-grade corporate fund inflows climbed to $9.91 billion for the past week ended Wednesday, compared to $7.5 billion of inflows in the previous week and $5.33 million in the week prior.

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