High-grade supply heavy; Goldman, Phillips 66, Georgia-Pacific, Avolon price

By Cristal Cody

Tupelo, Miss., Nov. 16 – Investment-grade issuers priced more than $9 billion of bonds in the primary market on Monday.

Goldman Sachs Group Inc. sold $2.5 billion of three-year senior notes (A3/BBB+/A) in two tranches, attracting more than $4 billion in final book orders.

Phillips 66 priced $1.75 billion of guaranteed senior notes (A3/BBB+/) in three tranches.

Georgia-Pacific LLC came by with $1.6 billion of notes (A3/A+/) in two tranches.

Avolon Holdings Funding Ltd. (Baa3/BBB-/BBB-) priced $1 billion of guaranteed senior notes due April 15, 2026 over the session.

Athene Global Funding sold $650 million of 10-year senior secured notes (/A/A).

Guardian Life Global Funding priced $500 million of seven-year notes (Aa2/AA+/) in a deal upsized from $350 million.

Connecticut Light and Power Co., doing business as Eversource Energy, sold $400 million of five-year first and refunding mortgage bonds (A1/A+/A+) over the day.

Store Capital Corp. priced $350 million of 10-year senior notes (Baa2/BBB/BBB).

Rochester Gas & Electric Corp. tapped the primary market with $200 million of 10-year first mortgage bonds.

Arizona Public Service Co. priced a $105 million reopening of its 2.6% senior notes due Aug. 15, 2029.

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