Broadcom, Sabine, NextEra, Barclays, Clorox, Ryder, W.R. Berkley price

By Cristal Cody

Tupelo, Miss., May 5 – The high-grade primary market remained busy over Tuesday’s session with more than $15 billion of new bonds pricing.

Broadcom Inc. sold $8 billion of senior notes in four tranches in the day’s biggest deal.

Cheniere Energy Partners, LP subsidiary Sabine Pass Liquefaction, LLC priced $2 billion of 10-year senior secured notes.

NextEra Energy Capital Holdings Inc. priced $2 billion of 10-year guaranteed debentures.

Barclays Bank plc sold $1.75 billion of two-year senior notes.

Clorox Co. priced $500 million of 10-year senior notes.

QBE Insurance Group Ltd. tapped the primary market with $500 million of perpetual additional tier 1 contingent convertible capital securities.

Ryder System, Inc. priced an upsized $400 million of medium-term notes due Sept. 1, 2025.

Also, W.R. Berkley Corp. sold $300 million of 30-year senior notes.

The new issues bring week to date volume to more than $37 billion.

More than $22 billion of investment-grade bonds were priced on Monday, led by Apple Inc.’s $8.5 billion four-part offering of notes.

About $60 billion to $75 billion of volume is expected by market participants this week.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.