IG primary packed; Nissan, Deutsche, Shell, BBVA, Cox, Dominion price; inflows strong

By Cristal Cody

Tupelo, Miss., Sept. 10 – Investment-grade issuers priced more than $22 billion of corporate bonds on Thursday in a third consecutive session of strong supply.

Nissan Motor Co. Ltd. brought $8 billion of senior notes (Baa3/BBB-) in four tranches in a Rule 144A and Regulation S offering to the primary market.

Deutsche Bank AG, New York Branch (Baa3/BBB/BBB) sold $3.25 billion of fixed-to-floating-rate eligible liabilities senior notes in two tranches.

Shell International Finance BV priced $2.5 billion of guaranteed senior notes (Aa2/AA-) in three parts, including two reopenings.

Banco Bilbao Vizcaya Argentaria SA sold $2 billion of senior preferred notes (A3/A-/) in two parts.

Cox Communications Inc. priced $1.5 billion of senior notes (Baa2/BBB/BBB+) in two tranches.

Dominion Energy, Inc. came by with $1 billion of floating-rate senior notes due Sept. 15, 2023 (Baa2/BBB/BBB+).

Investment-grade corporate issuers have sold more than $62 billion of bonds week to date.

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