Costco, Capital One, Bank of New York Mellon, Sammons, Entergy Arkansas price

By Cristal Cody

Tupelo, Miss., May 9 – Costco Wholesale Corp. led the deal action with a $3.8 billion four-tranche offering of senior notes in the investment-grade bond market on Tuesday.

Also, Capital One Financial Corp. brought a $2.5 billion three-part offering of senior notes to the primary market.

Bank of New York Mellon Corp. came with $1.75 billion of notes in two tranches.

Sammons Financial Group Inc. priced $500 million of 10-year senior notes.

Also, Monongahela Power Co. sold $250 million of 10-year first mortgage bonds on Tuesday.

Entergy Arkansas Inc. priced a $220 million add-on to its 3.5% first mortgage bonds due April 1, 2026.

In other action, Royal Bank of Scotland Group plc signaled plans to price a two-part offering of notes.

The Markit CDX North American Investment Grade index ended mostly flat at a spread of 62 basis points.

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