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Published on 4/22/2020 in the Prospect News Investment Grade Daily.

Investment Grade Calendar

April 23

BANK OF ENGLAND:

• $2 billion of notes due April 28, 2023

• Initial price talk at Treasuries plus 32 bps area

• Rule 144A and Regulation S

• BofA Securities, Inc., HSBC Securities (USA) Inc., RBC Capital Markets, LLC and TD Securities (USA) LLC (bookrunners)

• London-based Bank of England is the central bank of the United Kingdom

KOMMUNINVEST I SVERIGE AB:

• $1 billion of notes due Feb. 2, 2022

• Initial price talk at mid-swaps plus 20 bps area

• Rule 144A and Regulation S

• BofA Securities Inc., Barclays, SEB Securities, Inc. and TD Securities (USA) LLC (bookrunners)

• Orebro-based company that offers funding to municipalities of Sweden

On The Horizon

APPALACHIAN POWER CO.:

• Series Z senior notes

• Wells Fargo Securities LLC, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and PNC Capital Markets LLC (bookrunners); Huntington Capital Markets (co-manager)

• Proceeds for general corporate purposes

• Columbus, Ohio-based electric utility

ENTERGY CORP.:

• Senior notes in two tranches

• Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (bookrunners); BNP Paribas Securities Corp., BofA Securities, Inc., KeyBanc Capital Markets Inc., Mizuho Securities USA Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities LLC (co-managers)

• Proceeds to help repay $450 million of the company’s 5.125% senior notes due Sept. 15, 2020, a portion of its commercial paper and/or a portion of the debt outstanding under its $3.5 billion revolving credit facility and/or for general corporate purposes

• New Orleans-based power provider

NATIONWIDE MUTUAL INSURANCE CO.:

• Rule 144A, Regulation S dollar-denominated fixed-to-floating-rate notes due April 30, 2060

• Initial price talk at Treasuries plus 285 bps

• BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC (bookrunners)

• Columbus, Ohio-based insurance provider

NORTH RHINE-WESTPHALIA:

• Dollar-denominated fixed-rate notes due April 28, 2023 and floating-rate notes due Oct. 28, 2021

• J.P. Morgan Securities plc (stabilization coordinator); BofA Securities, Inc., Commerzbank Capital Markets Corp. and Societe Generale (stabilization managers)


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