HSBC, Health Care, Scotia, Marriott, Yara, Ferguson, Element, Brighthouse price

By Cristal Cody

Tupelo, Miss., May 28 – Investment-grade companies priced nearly $9 billion of bonds over Thursday’s session, bringing week to date deal volume to about $33 billion.

Supply came in higher than the $25 billion to $30 billion of issuance anticipated by market participants for the week.

Heading up Thursday’s primary activity, HSBC Holdings plc priced $3.5 billion of fixed-to-floating-rate senior notes in two tranches.

Health Care Service Corp. sold $1.3 billion of senior notes in three tranches.

Bank of Nova Scotia priced $1.25 billion of fixed rate resetting perpetual subordinated additional tier 1 capital notes.

Marriott International Inc. brought $1 billion of 10-year senior notes to the primary market.

Yara International ASA came by with $750 million of 10-year senior notes.

Ferguson Finance plc sold $600 million of 10-year senior notes.

Element Fleet Management Corp. priced $400 million of five-year senior notes.

Also, Brighthouse Financial Inc. priced a $115 million reopening of its 5.625% senior notes due May 15, 2030.

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