John Deere sells four tranches; Credit Agricole, Eversource price; deal pipeline grows

By Cristal Cody

Tupelo, Miss., Jan. 3 – High-grade supply remained busy in the second session of the year on Wednesday.

Issuers including John Deere Capital Corp., Credit Agricole SA and Eversource Energy priced notes.

John Deere Capital sold $1.75 billion of notes in four tranches.

Credit Agricole priced $1.25 billion of 15-year subordinated notes.

Eversource Energy came with a $650 million two-part offering of senior notes.

The high-grade bond deal pipeline also is building.

Athene Global Funding plans to hold fixed-income investor calls on Thursday and Friday for an offering of dollar-denominated senior notes (//BBB), according to a market source.

The bookrunners are Barclays, Goldman Sachs & Co. and Wells Fargo Securities LLC.

Also, Texas Eastern Transmission, LP (Baa1/BBB+/BBB+) on Wednesday finished a two-day round of fixed-income investor calls. The company is expected to price a Rule 144A and Regulation S two-tranche offering of 10- and 30-year senior notes, according to a market source.

Deutsche Bank Securities Inc. and SunTrust Robinson Humphrey, Inc. are the bookrunners.

The Markit CDX North American Investment Grade 29 index tightened more than 1 basis point to end the day at a spread of 47 bps.

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