OeKB, BMO, CubeSmart, Brookfield, Regions Financial price; Capital One, Scotiabank on tap

By Devika Patel

Knoxville, Tenn., Jan. 24 – On Thursday, the primary investment-grade bond market was lively, with two new deals announced and five deals pricing.

Vienna-based Oesterreichische Kontrollbank AG (Aa1/AA+) priced $1.5 billion of 2.625% three-year global notes at 99.771.

Barclays, Deutsche Bank AG, London Branch, J.P. Morgan Securities plc and RBC Capital Markets LLC were the underwriters.

Toronto’s alternative asset manager Brookfield Asset Management Inc. reported that a subsidiary priced $1 billion of 4.85% notes (Baa2/A-/A) due 2029.

Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and SMBC Nikko Securities America Inc. are the joint bookrunners.

Regions Financial Corp., a financial services company based in Birmingham, Ala., sold a $500 million add-on to its 3.8% notes due 2025, bringing the total outstanding to $1 billion.

Bank of Montreal brought $360 million of two-year floating-rate notes to market, and Wayne, Pa.’s CubeSmart, LP, a real estate investment trust of self-storage facilities, sold $350 million of 10-year 4.375% guaranteed notes.

McLean, Va.-based Capital One Financial Corp. announced a sale of fixed-rate senior notes due 2024, and Toronto-based Bank of Nova Scotia intends to sell dollar-denominated floating-rate senior notes.

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