Schwab, Consumers Energy, Boeing, Aflac, Southwestern Public price bonds; OeKB on tap

By Cristal Cody

Tupelo, Miss., Oct. 29 – U.S. and Canadian high-grade issuers priced more than $4 billion of bonds on Monday in one of the busiest sessions seen over the back half of October.

Charles Schwab Corp. came with $1.1 billion of senior notes in two tranches that priced on the tight side of guidance.

Consumers Energy Co. sold $850 million of first mortgage bonds in two parts.

Boeing Co. brought $700 million of senior notes in two tranches to the primary market.

Aflac Inc. sold $550 million of 30-year senior notes on Monday.

Also, Southwestern Public Service Co. priced $300 million of 30-year first mortgage bonds.

Last week, high-grade corporate volume totaled $6 billion for the week.

Syndicate sources expect about $15 billion to $20 billion of issuance this week.

Coming up on Tuesday, Oesterreichische Kontrollbank AG is expected to bring a benchmark-sized dollar-denominated offering of five-year global notes to the primary market.

In other action ahead on Wednesday, Duke Energy Carolinas LLC (Aa2/A) will hold a roadshow and fixed income investor calls for a benchmark-sized dollar-denominated offering of green first and refunding mortgage bonds, according to a market source.

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