Union Pacific prices $6 billion; TD, Energy Transfer, Danske, AerCap, Japan Agency print

By Cristal Cody

Tupelo, Miss., June 5 – High-grade deal volume continued at a heavy pace for a second consecutive session on Tuesday.

Supply was led by Union Pacific Corp.’s $6 billion seven-part sale of fixed-rate senior notes.

Toronto-Dominion Bank also priced $3.25 billion of senior medium-term notes in four tranches.

Energy Transfer Partners, LP placed $3 billion of senior notes in four tranches on the tight side of guidance.

Danske Bank A/S sold $1.75 billion of senior notes in three parts.

AerCap Ireland Capital DAC and AerCap Global Aviation Trust priced $600 million of five-year guaranteed senior notes.

Issuance also included a sale bonds from Japan International Cooperation Agency. The agency priced $500 million of 3.375% 10-year guaranteed bonds.

Syndicate sources forecast about $25 billion of deal volume for the week.

On Monday, supply was led by Kraft Heinz Foods Co., John Deere Capital Corp., Hyundai Capital America and Goldman Sachs Bank USA.

The Markit CDX North American Investment Grade 30 index ended modesty softer at a spread of 64 basis points.

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