Toyota, ViacomCBS, Omnicom, Ecolab, Xcel price; deal volume hits record; credit spreads ease

By Cristal Cody

Tupelo, Miss., March 27 – High-grade corporate issuers pushed bond volume for the week to more than $100 billion after several deals priced over Friday’s session.

Week-to-date supply hit a record weekly volume of more than $106 billion.

In the new issuance on Friday, Toyota Motor Credit Corp. priced a $4 billion three-part offering of notes.

ViacomCBS Inc. came with $2.5 billion of senior notes in two tranches.

Omnicom Group Inc. priced an upsized $600 million of long 10-year senior notes.

Xcel Energy Inc. also priced an upsized $600 million of 10-year senior notes.

Ecolab Inc. brought a $250 million reopening of its 4.8% senior notes due March 24, 3030.

In addition, Credit Suisse Group AG offered 11-year senior notes with initial talk in the Treasuries plus 387.5 basis points area on Friday.

Toronto-Dominion Bank also launched a $1.25 billion offering of three-year covered bonds at mid-swaps plus 100 bps.

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