British Telecom, ConEd NY, Duke Realty, SBL price; Alberta sells $2.25 billion notes

By Cristal Cody

Tupelo, Miss., Nov. 5 – High-grade issuance on Tuesday included new corporate and sovereign, supranational and agency supply.

British Telecommunications plc priced $1.5 billion of senior notes in two parts.

Consolidated Edison Co. of New York, Inc. sold $600 million of 40-year debentures.

Duke Realty LP priced a $400 million offering of 10-year green senior notes.

SBL Holdings LLC also brought $400 million of seven-year senior notes to the primary market.

In addition, the Province of Alberta sold $2.25 billion of five-year registered global notes on Tuesday.

About $10 billion of bonds priced on Monday, buoyed by renewed confidence in global trade with China, sources report.

Investment-grade supply is expected to reach the $25 billion to $30 billion area over the week.

November volume is forecast to total in the $90 billion to $100 billion range, according to syndicate sources.

So far, week to date volume has been led by Shell International Finance BV’s $4 billion three-tranche deal that priced Monday.

Shell’s bonds traded about 1 basis point to 3 bps tighter in the secondary market, a source said.

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