Carrier, Bank of New Zealand, Amphenol, Carlisle, Oaktree price; Otis in queue

By Cristal Cody

Tupelo, Miss., Feb. 13 – Carrier Global Corp. tapped the high-grade primary market on Thursday with a $9.25 billion six-part offering of senior notes as part of its spin-off from United Technologies Corp.

The deal attracted a final order book of more than $40 billion.

Also during the session, Carlisle Cos. Inc. priced $750 million of 10-year notes.

Bank of New Zealand came with $750 million of five-year notes.

Amphenol Corp. brought $400 million of five-year senior notes to the market.

Oaktree Specialty Lending Corp. sold $300 million of five-year senior notes after holding fixed income investor calls earlier in the week.

In other issuance, AT&T Inc. priced $2.9 billion of Formosa bonds.

Also, Freddie Mac sold $3 billion of five-year notes.

Coming up on Friday, Otis Worldwide Corp., which also is being spun off from United Technologies, is expected to hold fixed income investor calls for a possible $5.3 billion senior note (Baa2/BBB/) offering.

High-grade issuers have priced more than $29 billion of bonds week to date.

About $25 billion to $35 billion of supply was expected this week, according to syndicate sources.

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