UBS, Caterpillar, Kilroy, WGL, Healthcare Trust, Northern States price; AXIS offers notes

By Cristal Cody

Tupelo, Miss., Nov. 27 – Primary action remained strong in the high-grade bond market on Monday in the final week of November.

Issuers including UBS AG, London Branch, Caterpillar Financial Services Corp., Kilroy Realty, LP, WGL Holdings, Inc., Healthcare Realty Trust Inc. and Northern States Power Co. tapped the primary market during the session.

About $30 billion of issuance is expected by market sources for the week.

Also on Monday, AXIS Specialty Finance plc launched an offering of up to $350 million of U.S. dollar-denominated 10-year senior notes.

The Markit CDX North American Investment Grade 29 index ended about 1 basis point softer at a spread of 53 bps.

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