Morgan Stanley sells $7 billion notes; Goldman, Alimentation Couche-Tard, Alberta price

By Cristal Cody

Tupelo, Miss., July 19 – Morgan Stanley led the pricing action in the investment-grade bond market on Wednesday with a $7 billion three-tranche notes offering.

Goldman Sachs Group Inc. continued the bank and financial paper issuance with a $3.5 billion three-part sale of senior global notes.

Also on Wednesday, Alimentation Couche-Tard Inc. priced $2.5 billion of senior notes in three tranches following a round of investor calls.

In other corporate issuance, Duquesne Light Holdings, Inc. sold $325 million of 10-year senior notes.

Also on Wednesday, the Province of Alberta priced $1.5 billion of five-year bonds.

Kommunalbanken AS priced an upsized $500 million reopening of its floating-rate notes due Sept. 8, 2021.

The Markit CDX North American Investment Grade index was less than 1 basis point tighter on the day at a spread of 57 bps.

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