Supply heavy; Vodafone, Boston Properties, PartnerRe, Pentair, Lloyds, Hudson among issuers

By Cristal Cody

Tupelo, Miss., June 12 – Investment-grade corporate and sovereign, supranational and agency issuers priced more than $12 billion of bonds on Wednesday.

Vodafone Group plc led the day’s deal volume with a $2.25 billion two-part offering of notes to fund tender offers for outstanding issues.

Boston Properties LP sold $850 million of 10-year green senior notes.

PartnerRe Finance B LLC brought $500 million of 10-year guaranteed senior notes.

Realty Income Corp. priced $500 million of 10-year senior notes.

Pentair Finance Sarl sold $400 million of 10-year senior notes.

American Campus Communities Operating Partnership LP came with $400 million of seven-year guaranteed senior notes.

Lloyds Banking Group plc priced $500 million of fixed-rate reset additional tier 1 perpetual subordinated contingent convertible securities.

AXIS Specialty Finance plc sold $300 million of 10-year senior notes.

Northern Natural Gas Co. priced a $200 million reopening of its 4.3% senior bonds due Jan. 15, 2049.

Hudson Pacific Properties, LP placed a $150 million add-on to its 4.65% senior notes due April 1, 2029.

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