3M, Thermo Fisher, Aflac, Telus, Ventas Realty, PECO Energy price; Monsanto mostly flat

By Cristal Cody

Eureka Springs, Ark., Sept. 14 – High-grade bond issuance stayed strong on Wednesday with more than $5 billion of bonds priced.

3M Co. sold $1.75 billion of senior medium-term notes in three tranches.

Thermo Fisher Scientific Inc. priced $1.2 billion of 10-year senior notes during the session.

Aflac Inc. raised $700 million in a two-part notes offering.

Telus Corp. sold $600 million of long 10-year notes.

Ares Capital Corp. priced $600 million of long five-year notes following the company’s roadshow last week.

Ventas Realty, LP brought $450 million of 10-year guaranteed senior notes to the primary market.

PECO Energy Co. priced $300 million of five-year first and refunding mortgage bonds.

Southside Bancshares, Inc. upsized its offering of 10-year fixed-to-floating subordinated notes by $25 million to $100 million.

Details also emerged on new issues from Deutsche Telekom International Finance BV, BP Capital Markets plc, Canada Pension Plan Investment Board and Bank of Nova Scotia.

Looking ahead to Thursday’s supply, Freddie Mac announced plans to price a benchmark size offering of new two-year Reference Notes.

The Markit CDX North American Investment Grade index ended unchanged to softer at a spread of 77 basis points.

Monsanto Co.’s 2.85% notes due 2025 and 3.95% bonds due 2045 were mostly unchanged on the day following the announcement it will be acquired by Bayer AG in a $66 billion cash-and-debt deal.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.