ABB, Bell Canada, CenterPoint, Valero, Allstate, Dollar General sell notes; KfW plans deal

By Cristal Cody

Tupelo, Miss., March 26 – Investment-grade companies priced more than $5 billion of bonds on Monday.

ABB Finance (USA) Inc. sold $1.5 billion of guaranteed notes in three tranches.

Bell Canada placed $750 million of 30-year notes.

Citizens Bank, NA priced $750 million of senior notes in two tranches.

CenterPoint Energy Resources Corp. came with a $600 million two-part offering of senior notes.

Valero Energy Partners LP sold $500 million of 10-year senior notes on Monday following the company’s investor calls held earlier in the month.

Allstate Corp. priced $500 million of floating-rate senior notes (A3/A-/) in two parts, as well as $500 million of preferred stock.

Also on Monday, Dollar General Corp. sold $500 million of 10-year senior notes.

Coming up on Tuesday, KfW (Aaa/AAA/AAA) plans to price three-year global notes via Citigroup Global Markets Inc., Nomura Securities International, Inc. and RBC Capital Markets, LLC. The notes were initially talked to price with a spread in the mid-swaps plus 1 basis point area.

About $10 billion to $15 billion of overall volume is expected by market sources for the week.

The bonds markets will close early on Thursday and remain closed on Friday for the Good Friday holiday.

The Markit CDX North American Investment Grade 30 index firmed about 3 bps to close the day at a spread of 66 bps.

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