Comcast prices $27 billion notes; Camden Property, Kommuninvest print; Tyson firms

By Cristal Cody

Tupelo, Miss., Oct. 2 – Comcast Corp. priced $27 billion of senior notes in 12 tranches on Tuesday in a deal expanded from an initial nine-part offering.

The transaction is the fourth-largest investment-grade issuance on record, a source said.

Proceeds from the deal will be used to help fund Comcast’s $39 billion acquisition of London-based media and telecommunications company Sky plc.

Camden Property Trust sold $400 million of 10-year notes after a round of fixed income investor calls the previous session.

Also on Tuesday, Kommuninvest I Sverige AB priced $1 billion of three-year notes.

Comcast’s deal pushes the week’s total issuance volume to more than $32 billion. About $40 billion to $45 billion of total high-grade supply was forecast for the week by market sources.

Deals in the pipeline include a dollar-denominated Rule 144A and Regulation S note offering from Suncorp-Metway Ltd.

The Markit CDX North American Investment Grade 31 index closed more than 1 basis point wider on the day at a spread of 59 bps. In the secondary market, Tyson Foods, Inc.’s senior notes (Baa2/BBB/BBB) that priced a week ago remain

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