Sherwin-Williams, Unilever, Barclays, Constellation Brands price; Great Plains Energy firms

By Cristal Cody

Tupelo, Miss., May 2 – Corporate issuance was the focus in the investment-grade bond market on Tuesday.

Sherwin-Williams Co. priced a $6 billion five-part offering of senior notes.

Unilever Capital Corp. sold $3.15 billion of senior notes in four parts.

Barclays Bank plc tapped the primary market with a $2 billion offering of subordinated notes.

Constellation Brands Inc. placed $1.5 billion of senior notes in three tranches.

Also, Mid-America Apartments, LP priced $600 million of 10-year senior notes, and Public Service Electric & Gas Co. priced $425 million of 10-year secured medium-term notes.

The Markit CDX North American Investment Grade index closed modestly tighter at a spread of 63 basis points.

In secondary action on Tuesday, Great Plains Energy Inc.’s notes (Baa3/BBB/) priced in March traded 1 bp to 5 bps tighter.

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