Bank of America, Micron, Apollo Management, Essex price; Verizon, Altria eye primary

By Cristal Cody

Tupelo, Miss., Feb. 4 – Monday’s session hosted high-grade issuers including Bank of America Corp. and Micron Technology, Inc. in the primary market.

Bank of America sold $3 billion of 11-year fixed-to-floating rate notes.

Micron Technology priced $1.8 billion of split-rated fixed-rate senior notes in three tranches.

Also on Monday, Apollo Management Holdings LP brought $550 million of 10-year guaranteed senior notes to the market.

In addition, Essex Portfolio, LP sold $350 million of 10-year guaranteed senior notes.

In other activity, Verizon Communications Inc. held fixed-income investor calls for a dollar-denominated offering of green bonds.

BofA Merrill Lynch and Goldman Sachs & Co. LLC are the arrangers.

Market sources also are eying a potentially hefty bond deal from Altria Group Inc. that includes euro-denominated bonds and may include dollar-denominated notes.

The company held fixed-income investor calls on Monday via Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Mizuho Securities USA Inc.

About $15 billion to $20 billion of high-grade supply is projected for the week, sources said.

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