Rockwell Collins, Ford Motor Credit, Dollar General price notes; AT&T, Verizon better

By Cristal Cody

Tupelo, Miss., March 28 – Investment-grade issuers priced more than $11.5 billion of bonds on Tuesday following a quiet Monday of action.

Rockwell Collins, Inc. tapped the primary market with a $4.65 billion five-tranche offering of notes.

Applied Materials, Inc. sold $2.2 billion of senior notes in two parts.

Ford Motor Credit Co. LLC came with a $1.75 billion three-part offering of senior notes.

Keysight Technologies Inc. priced $700 million of 10-year senior notes on Tuesday.

Omega Healthcare Investors, Inc. raised $700 million in a two-part notes offering.

Dollar General Corp. brought $600 million of 10-year senior notes to market.

Oklahoma Gas & Electric Co. sold $300 million of 30-year senior notes.

Also in corporate issuance, United Parcel Service, Inc. priced $142,115,000 of 50-year floating-rate senior notes.

In sovereign supply, Export Development Canada sold $500 million of two-year dollar-denominated notes.

The Markit CDX North American Investment Grade index firmed about 1 basis point to close at a spread of 67 bps.

Bonds were mostly better in the secondary market.

AT&T Inc.’s global notes (Baa1/BBB+/A-) traded about 2 bps to 4 bps tighter on Tuesday.

Verizon Communications Inc.’s notes (Baa1/BBB+/A-) tightened about 3 bps to 5 bps in the secondary market during the session.

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