Alcon, Caterpillar, Danske Bank, Hillenbrand price; Council of Europe, Rentenbank on tap

By Cristal Cody

Tupelo, Miss., Sept. 16 – Investment-grade issuers opened the week with more than $6 billion of bonds priced on Monday.

Alcon Finance Corp. was in the primary market with $2 billion of senior notes in three tranches.

Caterpillar Inc. sold $1.5 billion of senior notes in two tranches.

Danske Bank A/S raised $1.75 billion in a two-part offering of fixed-to-floating rate subordinated notes.

Hillenbrand, Inc. priced $375 million of seven-year senior notes.

Entergy Texas Inc. brought $300 million of 30-year first mortgage bonds.

In other action on Monday, Omega Healthcare Investors, Inc. held fixed-income investor calls for a possible bond offering.

Coming up on Tuesday, the Council of Europe Development Bank is expected to sell $1 billion of three-year senior global notes.

Initial price talk is in the mid-swaps plus 12 basis points area.

Landwirtschaftliche Rentenbank also is in the deal pipeline with a dollar-denominated offering of two-year senior notes. Initial price talk is in the mid-swaps plus 9 bps area.

Investment-grade issuance is expected to be concentrated in the first two sessions of the week with a Federal Reserve monetary policy decision due on Wednesday.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.