Cameron, MUFG, Swedish Export price; Steel Dynamics eyes primary

By Cristal Cody

Tupelo, Miss., Dec. 5 – Investment-grade supply on Thursday included a $3.02 billion four-part offering of senior secured notes from Cameron LNG LLC that priced tighter than guidance.

During the session, MUFG Union Bank, NA also sold $1 billion of senior notes in two tranches.

In other supply, Swedish Export Credit Corp. priced $500 million of four-year global notes on top of guidance.

Meanwhile on Thursday, Steel Dynamics Inc. (Baa3/BBB-/BBB) held fixed income investor calls for a possible deal, a source said.

BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Staley & Co. LLC are the arrangers.

Steel Dynamics is a Fort Wayne, Ind.-based steel producer and metal recycler.

High-grade issuers have priced more than $15 billion of bonds week to date, in line with the $15 billion to $20 billion of volume forecast by syndicate sources.

Corporate investment-grade funds inflows declined to $2.23 billion for the week ended Wednesday from $4.55 billion in the previous week and $5.19 billion in the prior week, according to Lipper US Fund Flows on Thursday.

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