SunTrust, National Rural, Oglethorpe, Kimberly-Clark, Japan Bank price; Alberta on deck

By Cristal Cody

Tupelo, Miss., Oct. 24 – High-grade supply revved up on Wednesday in what turned into the busiest deal session week to date.

SunTrust Bank priced $1.4 billion of senior notes in three tranches.

National Rural Utilities Cooperative Finance Corp. sold $625 million of collateral trust bonds in two parts on the tight side of guidance.

Oglethorpe Power Corp. priced an upsized $500 million of 30-year first mortgage bonds following the company’s fixed-income investor calls held earlier in the month.

Kimberly-Clark Corp. also placed $500 million of 10-year senior notes.

In other issuance, Japan Bank for International Cooperation sold $3 billion of guaranteed senior bonds in two tranches.

More than $12 billion of investment-grade bonds, including $6 billion of corporate supply, have priced over the first three sessions.

Syndicate sources anticipated about $15 billion to $20 billion of deal volume this week.

Coming up on Thursday, the Province of Alberta intends to tap the primary market with a dollar-denominated offering of five-year notes.

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