CVS prices $40 billion in nine parts; Svensk ExportKredit to sell notes, OeKB prices

By Devika Patel

Knoxville, Tenn., March 6 – Tuesday saw one of the biggest new investment-grade deals ever come to market as CVS Health Corp. priced $40 billion of notes in nine parts.

The deal from the Woonsocket, R.I., operator of retail pharmacies was the third biggest ever, behind Verizon Communications, Inc.’s $49 billion from September 2013 and Anheuser-Busch InBev Finance Inc.’s $46 billion from January 2016.

In addition to that deal, there was one new announced, with Stockholm-based financial services company Swedish Export Credit Corp. preparing a dollar-denominated offering of five-year global notes; Vienna-based export and financial services company Oesterreichische Kontrollbank AG issuing $1.5 billion of 2.875% five-year guaranteed global notes; and Deerfield, Ill., snack company Mondelez International, Inc. pricing C$600 million of 3.25% notes seven-year notes.

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