RELX eyes notes; Progressive, Analog Devices, John Deere, Store price

By Devika Patel

Knoxville, Tenn., March 9 – Friday saw a moderate amount of primary activity in the investment-grade bond market, with one new deal announced, one pricing and terms emerging on a further five deals from late Thursday.

Amsterdam provider of information and analytics for professional and business customers RELX Capital Inc. announced an offering of senior notes due 2024 while Mayfield Village, Ohio, insurance company Progressive Corp. sold $600 million of 4.2% senior notes due March 15, 2048.

As far as deals from late Thursday were concerned, Moline, Ill.-based farm equipment supplier John Deere Capital Corp. priced $1.5 billion of fixed- and floating-rate notes in three tranches; Tulsa, Okla., natural gas transmission company Transcontinental Gas Pipe Line Co. LLC sold $1 billion notes of fixed-rate senior notes in two tranches; Warsaw, Ind., Norwood, Mass., maker of circuits for electronic equipment Analog Devices, Inc. priced $750 million of senior notes in two tranches and Scottsdale, Ariz., real estate investment trust Store Capital Corp. priced $350 million of 4.5% senior notes due 2028.

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