Danske, Nederlandse Waterschapsbank price; Fannie Mae offers notes; Bristol-Myers steady

By Cristal Cody

Tupelo, Miss., Feb. 23 – Danske Bank A/S priced $1.75 billion of dollar notes in three parts on Thursday as the lone reported corporate issuer.

Nederlandse Waterschapsbank NV tapped the U.S. dollar market with a $1 billion offering of five-year dollar-denominated notes.

In other activity, Fannie Mae announced plans to price an offering of three-year benchmark notes via bookrunners Barclays, Goldman Sachs & Co. and J.P. Morgan Securities LLC.

Also, the Province of Quebec released details of plans to price a Canadian-dollar offering of series QR global notes for green projects. HSBC Securities (Canada) Inc., RBC Dominion Securities Inc. and TD Securities Inc. are the bookrunners.

The Markit CDX North American Investment Grade index closed about 1 basis point tighter at a spread of 62 bps.

Bristol-Myers Squibb Co.’s $1.5 billion senior notes (A2/A+/) priced in two tranches in the previous session traded modestly better than issuance in the secondary market.

Bristol-Myers Squibb’s 1.6% notes due Feb. 27, 2019 edged up to 100.06 over the day from 100.05 in early secondary trading, according to a market source. Its 3.25% notes due Feb. 27, 2027 headed out at 99.92, down slightly from where the notes were seen at 99.98 early Thursday.

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