Hyundai, Jackson Life, Moller-Maersk, KKR, ERP, Wisconsin Power price ahead of Fed

By Cristal Cody

Tupelo, Miss., June 17 – High-grade issuers priced more than $4 billion of new bonds on Monday as issuers moved to tap the primary market ahead of the Federal Reserve’s mid-week monetary policy decision.

Hyundai Capital America priced $800 million of fixed-rate notes in two tranches.

Jackson National Life Global Funding priced $600 million of senior secured notes in two parts.

A.P. Moller-Mærsk A/S came by with $500 million of 10-year notes.

KKR & Co. Inc. subsidiary KKR Group Finance Co. VI LLC sold $500 million of 10-year senior notes.

Cabot Corp. brought $300 million of 10-year senior notes to the primary market.

ERP Operating LP sold $600 million of 10-year notes.

Caterpillar Financial Services Corp. placed $500 million of one-year medium-term floating-rate notes via a reserve inquiry.

Also, Wisconsin Power & Light Co. sold $350 million of 10-year debentures.

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