Boeing, Barclays, Ford, Boardwalk, Northern Trust, Textron, Aon price; T-Mobile eyes deal

By Cristal Cody

Tupelo, Miss., April 30 – Boeing Co. led supply in the high-grade primary market on Tuesday with a $3.5 billion five-tranche offering of senior notes.

Barclays plc also priced $2 billion of fixed-to-floating-rate senior notes due 2025.

Ford Motor Credit Co. LLC came with $1.25 billion of 10-year notes.

Boardwalk Pipelines, LP sold $500 million of 10-year senior notes.

Northern Trust Corp. brought $500 million of 10-year senior notes to the primary market.

Textron Inc. sold $300 million of 10-year notes.

In addition, Aon Corp. placed $750 million of 10-year guaranteed senior notes.

High-grade issuers priced nearly $9 billion of bonds over Tuesday’s session, following more than $9 billion of investment-grade issues sold on Monday.

In other action, T-Mobile U.S. Inc. began a roadshow on Tuesday for an expected investment-grade secured bond offering to fund its acquisition of Sprint Corp.

About $15 billion to $20 billion of supply was expected by market sources for the week.

Last week, investment-grade companies priced more than $6 billion of bonds.

The Markit CDX North American Investment Grade 32 index was steady at a spread of 57 basis points.

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