Dow Chemical, Standard Chartered, Discovery, WestRock, Air Lease, ASB, Japan Bank price

By Cristal Cody

Tupelo, Miss., May 16 – High-grade issuers priced nearly $8 billion of bonds on Thursday, bringing week-to-date volume to more than $29 billion.

During the session, Dow Chemical Co. priced $2 billion of senior notes in three tranches to fund the redemption of outstanding debt.

Also on Thursday, Standard Chartered Bank AG tapped the primary market with $2 billion of senior fixed-to-floating-rate notes in two tranches.

Discovery Communications, LLC sold $1.5 billion of fixed-rate senior notes in two parts.

WestRock Co. subsidiary WRKCo Inc. brought a $1 billion two-tranche offering of fixed-rate guaranteed senior notes.

Air Lease Corp. placed $750 million of seven-year medium-term notes.

ASB Bank Ltd. priced $500 million of five-year notes.

In addition, Japan Bank for International Cooperation sold $2.5 billion of five-year guaranteed bonds.

The Markit CDX North American Investment Grade 32 index firmed more than 1 basis point on Thursday to end at a spread of 62 bps.

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