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Diamondback Energy, CyrusOne, Virginia Power, Ontario sell high-grade bonds; Heineken eyed
By Cristal Cody
Tupelo, Miss., Nov. 20 – Investment-grade bond supply totaled more than $4 billion over Wednesday’s session.
Diamondback Energy, Inc. sold $3 billion of split-rated senior notes in three tranches 20 basis points to 25 bps tighter than initial talk.
CyrusOne LP and CyrusOne Finance Corp. priced $1.2 billion of split-rated senior notes in two tranches 25 bps better than initial guidance.
Also in the energy space, Virginia Electric and Power Co. sold $550 million of 30-year senior notes.
In other registered supply on Wednesday, the Province of Ontario priced a C$750 million reopening of its 2.65% green bonds due Feb. 5, 2025.
About $17 billion of investment-grade bonds have been brought to the primary market week to date.
About $25 billion of issuance is forecast for the week, according to syndicate sources.
Coming up, a possible deal is being eyed from Heineken NV, which will hold fixed income investor calls on Thursday via J.P. Morgan Securities LLC, a source said.
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