JPMorgan, Citi, National Rural price; Freddie Mac markets notes; bank, financial paper mixed

By Cristal Cody

Tupelo, Miss., April 18 – Investment-grade companies priced more than $10 billion of bonds over Tuesday’s session.

JPMorgan Chase & Co. brought a $5.25 billion three-part offering of global senior notes to the primary market.

Citigroup, Inc. came with $4.5 billion of notes in three tranches.

National Rural Utilities Cooperative Finance Corp. sold $800 million of collateral trust bonds in two parts on Tuesday.

Also, Wells Fargo & Co. priced a C$1 billion Securities and Exchange Commission-registered offering of five-year senior notes.

Looking to Wednesday’s supply, Freddie Mac plans to price a benchmark-sized offering of three-year reference notes.

Citigroup Global Markets, Wells Fargo Securities, Inc. and TD Securities (USA) LLC are the lead managers.

The deal is expected to close on Thursday.

The Markit CDX North American Investment Grade index eased about 1 basis point on Tuesday to a spread of 69 bps.

In the secondary market, Citigroup’s 4.75% subordinated notes due May 18, 2046 softened about 1 bp.

Mitsubishi UFJ Financial Group, Inc.’s 3.677% senior notes due Feb. 22, 2027 were unchanged.

BB&T Corp.’s 2.75% senior medium-term notes due April 1, 2022 eased 2 bps.

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