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Published on 8/4/2020 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily, Prospect News Preferred Stock Daily and Prospect News Private Placement Daily.

Block, AutoZone, New York Global, Moody’s, Paccar, PSE&G, Schlumberger price

By Cristal Cody

Tupelo, Miss., Aug. 4 – Investment-grade issuers priced about $4 billion of notes over Tuesday’s session following more than $17 billion of issuance at the start of the week.

Block Financial LLC priced $650 million of 10-year senior notes (Baa3/BBB/) that are guaranteed by H&R Block, Inc.

AutoZone, Inc. (Baa1/BBB/BBB) sold $600 million of senior notes due Jan. 15, 2031.

New York Life Global Funding priced $600 million of 10-year senior secured notes (Aaa/AA+/AAA) in an offering upsized from $400 million.

Moody’s Corp. tapped the primary market on Tuesday with $500 million of 40-year senior notes (/BBB+/BBB+).

Boardwalk Pipelines, LP also sold $500 million of senior notes due Feb. 15, 2031 (Baa3/BBB-/BBB-) over the session.

Paccar Financial Corp. (A1/A+/) priced $450 million of three-year medium-term notes in a deal upsized from $300 million following the release of its 10Q filing for the period ended June 30 on Monday.

Public Service Electric and Gas Co. brought $375 million of 30-year secured medium-term notes (Aa3/A/) to the primary market.

In addition, Schlumberger Investment SA priced a $350 million reopening of its 2.65% notes due June 26, 2030 (A2/A/) during the session.


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