Ford, CA Inc., IADB, ANZ, Brixmor price; PepsiCo bonds improve; McDonald’s flat to weaker

By Aleesia Forni and Cristal Cody

Virginia Beach, July 30 – Ford Motor Credit Co. LLC, ANZ Banking Group Ltd., Inter-American Development Bank, CA Inc. and Brixmor Operating Partnership LP priced new issues on Thursday during a weaker session for the market amid a “risk off” sentiment.

Ford sold $2 billion of notes in two parts, a market source said, after plans for a five-year floating-rate tranche were scrapped earlier during the session.

CA Inc. was also in the market on Thursday, pricing a downsized $400 million five-year note in line with price talk after dropping a 10-year tranche.

Meantime, Brixmor sold $500 million of seven-year notes, and IADB priced a $500 million floating-rate global note.

In forward calendar news, United Community Banks Inc. and Royal Bank of Scotland Group plc announced plans to bring new deals to market.

So far, more than $20 billion of new issuance has come to market this week, falling short of what was pegged to be around $25 billion to $30 billion of supply.

PepsiCo Inc.’s 2.75% senior notes due 2025 firmed 4 basis points over the session but were still weaker than where the notes priced in April.

McDonald’s Corp.’s senior notes (A3/A-/BBB+) traded flat to 2 bps softer and more than 10 bps wider than issuance.

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