Deutsche Pfandbriefbank, Telus, Enstar, Life Storage, Consumers Energy price

By Cristal Cody

Tupelo, Miss., May 22 – High-grade deal volume remained steady on Wednesday as market focus turned to the release of the minutes from the Federal Reserve’s April 30-May 1 monetary policy meeting and the upcoming long holiday weekend.

Deutsche Pfandbriefbank AG priced $600 million of three-year fixed-rate notes.

Telus Corp. sold $500 million of 30-year senior notes.

Enstar Group Ltd. tapped the primary market with $500 million of 10-year senior notes.

Life Storage LP priced an upsized $350 million of 10-year senior notes.

Consumers Energy Co. brought $300 million of first mortgage bonds due 2050 during the session.

In other issuance on Wednesday, Suncor Energy Inc. sold C$750 million of 10-year senior medium-term notes.

More than $15 billion of investment-grade bonds have priced week to date with supply heaviest on Monday and led by Wells Fargo Bank NA’s $2.1 billion two-part offering of senior bank notes.

About $20 billion to $25 billion of issuance was expected by syndicate sources for the week.

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