Goldman leads deal activity; Santander, Ventas Realty, Kimco, Edison price; DTE Energy better

By Cristal Cody

Tupelo, Miss., March 22 – Goldman Sachs Group Inc. led the day’s deal volume in the high-grade market on Wednesday with a $2.5 billion two-part notes offering.

In other pricing action over the session, Santander Holdings USA, Inc. brought an upsized $1 billion of five-year senior notes.

Ventas Realty LP came with an $800 million two-tranche senior notes offering.

Kimco Realty Corp. sold $400 million of 10-year senior notes.

Edison International Inc. priced $400 million of three-year senior notes.

Also, Duke Energy Ohio, Inc. placed a $100 million add-on to its 3.7% first mortgage bonds due June 15, 2046.

Energy bonds have traded mostly better in the secondary market.

DTE Energy Co.’s 3.8% senior notes due March 15, 2027 priced earlier in the month were active on Wednesday. They headed out unchanged from earlier secondary trading at 101.43 but better since the notes were last traded at 99.18, a market source said.

The Markit CDX North American Investment Grade index firmed about 1 basis point to close the day at a spread of 68 bps.

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