Anheuser-Busch, American Honda, CenterPoint price; Danske readies deal; utility bonds firm

By Cristal Cody

Tupelo, Miss., Jan. 10 – Anheuser-Busch InBev Worldwide Inc. brought $15.5 billion of fixed-rate notes in six tranches to the primary market on the tight side of guidance on Thursday.

In addition, American Honda Finance Corp. priced $1.6 billion of medium-term notes in three tranches.

CenterPoint Energy Houston Electric, LLC sold $700 million of 30-year general mortgage bonds.

A deal from Washington Gas Light Co. announced on Thursday remains in the pipeline.

Meanwhile, a two-part offering from Danske Bank A/S that was postponed on Wednesday is expected to come on Friday.

In other activity, the FHLBank System announced it would not issue or reopen a Global Note on Thursday.

High-grade issuers have priced about $37 billion of corporate bonds this week to date, beating market forecasts of about $25 billion to $30 billion of supply.

For the week ended Wednesday, Lipper US Fund Flows reported that corporate investment-grade funds had outflows of $1.14 billion.

The Markit CDX North American Investment Grade 31 index firmed about 1 basis point to end the day at a spread of 78 bps.

Bonds in the energy sector, including new issues, are trading mostly better, according to market sources.

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