Southwest, RBC, AerCap, Steel Dynamics, FirstEnergy, Harley-Davidson price

By Cristal Cody

Tupelo, Miss., June 3 – Investment-grade corporate and sovereign, supranational and agency issuers priced more than $11 billion of bonds over Wednesday’s session.

Southwest Airlines Co. sold $1.8 billion of senior notes (Baa1/BBB/BBB+) in two tranches, including a tap of its 4.75% notes due May 4, 2023 and a new seven-year tranche.

Royal Bank of Canada brought $1.5 billion of five-year senior medium-term notes (A2/A/AA) to the primary market.

AerCap Ireland Capital DAC and AerCap Global Aviation Trust priced $1.25 billion of five-year guaranteed senior notes (Baa3/BBB/BBB-) over the day.

Steel Dynamics, Inc. sold $900 million of fixed-rate senior notes (Baa3/BBB-/BBB) in two tranches.

Service Properties Trust priced an upsized $800 million issue of split-rated five-year senior notes (Baa3/BB+) tighter than initial talk.

FirstEnergy Corp. sold $750 million of senior notes (Baa3/BBB-/BBB) in two parts.

Harley-Davidson Financial Services, Inc. priced $700 million of five-year senior medium-term notes (Baa2/BBB/A-) in a Rule 144A and Regulation S offering.

Seagate Technology plc subsidiary Seagate HDD Cayman also tapped the primary market with a Rule 144A and Regulation S deal. The company sold $500 million of senior notes due Jan. 15, 2031 (Baa3/BBB-/BBB-).

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