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Investment Grade Calendar
Sept. 29 Week
DEXIA CREDIT LOCAL
Planned offering of three-year notes
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co., Societe Generale
Price talk in the low- to mid-20 bps area over mid-swaps
Brussels, Belgium-based regional bank
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (WORLD BANK)
Planned benchmark offering of five-year notes
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., TD Securities
Price talk in the mid-swaps minus 2 bps area
Washington, D.C.-based financial institution offering loans to developing countries
On The Horizon
ALBEMARLE CORP.
$1.5 billion of senior notes to help finance acquisition of Rockwood Holdings, Inc.
Baton Rouge, La.-based Albemarle is a manufacturer of polymers and fine chemicals.
Princeton, N.J.-based Rockwood is a specialty chemicals and advanced materials company and is a wholly owned subsidiary Rockwood Specialties Group, Inc.
ENDURANCE SPECIALTY HOLDINGS LTD.
Planned debt offering to help fund the proposed acquisition of Aspen Insurance Holdings Ltd.
Morgan Stanley & Co. LLC
Pembroke, Bermuda-based property and casualty insurance and reinsurance provider
FIDELITY NATIONAL FINANCIAL INC.
$1.4 billion of debt, including longer-term bonds
To fund majority of cash portion of acquisition of majority of common shares of Lender Processing Services, Inc.
Jacksonville, Fla.-based provider of title service, mortgage and diversified services.
KFW
Planned offering of fixed-rate green bonds
Guaranteed by the Federal Republic of Germany
Proceeds will be used in KfWs general business
German government-owned development bank based in Frankfurt
REYNOLDS AMERICAN INC.
New debt of $9 billion, along with excess cash of $500 million, divestiture net proceeds of $4.4 billion, stock issued to Lorillard of $6.6 billion and proceeds from the companys largest shareholder BAT of $4.7 billion; to finance $27.4 billion acquisition of Lorillard, Inc.
Expected in the first half of 2015
Lorillard is a Greensboro, N.C.-based cigarette maker. Reynolds American is a Winston-Salem, N.C.-based manufacturer and seller of cigarettes and other tobacco products.
SELECT INCOME REIT
New notes to help fund acquisition of Cole Corporate Income Trust for about $3 billion
Select Income owns properties that are primarily net leased to single tenants and is based in Newton, Mass.
WISCONSIN ENERGY CORP.
$1.5 billion of debt
To fund the acquisition of Integrys Energy Group Inc.
Gas and electric company based in Milwaukee
ZIMMER HOLDINGS INC.
Proposed offering of senior notes
Proceeds will be used to help fund the acquisition of Biomet, Inc.
Warsaw, Ind.-based developer and marketer of reconstructive and spinal implants, trauma and related orthopedic surgical products.
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