Barclays, Lloyds, Texas Eastern Transmission sell bonds; Sweden prices tighter than talk

By Cristal Cody

Tupelo, Miss., Jan. 4 – A few corporate and SSA high-grade issuers priced bonds on Thursday in the midst of a winter storm that caused many New York syndicate desks to close early.

Barclays Bank plc sold $3 billion of notes in two tranches.

Lloyds Banking Group plc placed $1.5 billion of 30-year subordinated tier 2 notes.

Also, Texas Eastern Transmission, LP priced $800 million of senior notes in two tranches following the company’s fixed-income investor calls on Tuesday and Wednesday.

In SSA supply, Sweden priced $3 billion of five-year bonds on the tight side of talk on Thursday.

“It is a great start of the year for the kingdom,” Anna Sjulander, head of funding at the Swedish National Debt Office, said in a release. “Both volume and geographical distribution illustrated strong investor demand.”

In 2018, the debt office said it plans to issue bonds in foreign currency equivalent to SEK 102 billion. After Thursday’s transaction, approximately SEK 78 billion remains.

Also on Thursday, Kommunalbanken AS priced $1.5 billion of five-year notes.

Several issuers are preparing to tap the primary market in the near future, a source said.

Athene Global Funding is holding fixed-income investor calls Thursday through Friday for an offering of dollar-denominated senior notes (//BBB), according to a market source.

© 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.