Verizon sells $1.12 billion more; Quanta issues notes; Barclays, Emerson price

By Devika Patel

Knoxville, Tenn., Sept. 17 – Primary activity in the investment-grade bond market on Thursday saw six new deals pricing.

New York-based Verizon Communications Inc., a telecommunications company, priced another $1.12 billion of 3% 40-year notes after selling $1 billion of 1.5% 10-year green notes on Wednesday.

Houston-based Quanta Services, Inc., a specialized contracting services company, sold $1 billion of 2.9% 10-year senior notes (Baa3/BBB-/) to help repay its term loan.

In addition, London-based Barclays plc, an investment bank and financial services company, priced $1 billion of 3.564% 15-year fixed-rate resetting subordinated split-rated callable notes (Baa3/BB+/BBB+).

Plus, St. Louis-based Emerson Electric Co., a technology and engineering company, priced $750 million of 0.875% notes due Oct. 15, 2026.

Also, Daytona Beach, Fla.-based Brown & Brown Inc., a diversified insurance company, sold $700 million of 2.375% senior notes (Baa3/BBB-) due March 15, 2031 at 99.89 and Newton, Mass.-based Office Properties Income Trust, a real estate investment trust, sold a $250 million add-on to its 4.5% senior notes (Baa3/BBB-) due Feb. 1, 2025 at 101.414.

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