Black Hills issues $700 million two-part notes; LyondellBasell prices $1 billion; Sabra prices

By Devika Patel

Knoxville, Tenn., Sept. 26 – The investment-grade primary market was active late in the week, with three new deals announced on Thursday.

Rapid City, S.D.-based Black Hills Corp., a utility company, sold $700 million of senior notes in two parts.

LYB International Finance III LLC, a subsidiary of LyondellBasell Industries NV, a Houston-based chemical company with executive offices in London and incorporated in the Netherlands, priced $1 billion of 4.2% 30-year notes.

Also, Irvine, Calif.-based REIT Sabra Health Care LP and Sabra Capital Corp. priced $300 million of 3.9% senior notes due 2029.

In addition, New York-based BGC Partners, Inc., a financial services company, priced $300 million of 3.75% five-year senior notes on Wednesday.

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