Goldman Sachs, American Honda Finance price; Hexcel upsizes; credit spreads firm

By Cristal Cody

Tupelo, Miss., Feb. 13 – More than $5 billion of investment-grade bonds priced over Monday’s session.

Goldman Sachs Group Inc. came with a $3 billion three-part reopening of notes.

American Honda Finance Corp. priced $1.75 billion of fixed- and floating-rate medium-term notes.

Hexcel Corp. priced an upsized $400 million of 10-year senior notes.

Highwoods Realty LP priced a $300 million offering of 10-year notes on Monday.

Also, Japan Bank for International Cooperation announced plans to price guaranteed bonds.

About $20 billion to $25 billion of high-grade supply is forecast for the week.

The Markit CDX North American Investment Grade index tightened 2 basis points to close the day at a spread of 63 bps.

In the secondary market, MPLX LP’s $2.25 billion of senior notes (Baa3/BBB-/BBB-) priced in two tranches on Tuesday traded better over the session.

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