Bank of America, United, Discover Bank, National Rural, American Homes, Hubbell, NWB price

By Cristal Cody

Tupelo, Miss., Jan. 31 – Several issuers lined up to tap the investment-grade primary market on Wednesday in a marked pickup in supply over the week’s first two sessions.

Bank of America Corp. sold $1.5 billion of eight-year floating-rate senior notes.

United Airlines, Inc. priced $935.14 million of pass-through certificates in two classes. The company sold $677,175,000 of 3.5% class AA pass-through certificates (Aa3/AA) and $257,965,000 of 3.7% class A pass-through certificates (A2/A) at par.

Discover Bank came with an $800 million offering of five-year senior notes.

National Rural Utilities Cooperative Finance Corp. sold $700 million of 10-year collateral trust bonds.

American Homes 4 Rent LP placed $500 million of 10-year senior notes on Wednesday.

Hubbell Inc. priced $450 million of 10-year senior notes.

Also, Nederlandse Waterschapsbank NV upsized its offering of 18-month senior floating-rate notes to $1 billion. The Rule 144A and Regulation deal was upsized from $500 million.

The Markit CDX North American Investment Grade 29 index closed mostly unchanged on the day at a spread of 47 basis points.

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