Equifax upsizes; Western Union, S&P Global hold investor calls; AbbVie mixed

By Cristal Cody

Tupelo, Miss., Nov. 15 – Equifax Inc. priced an upsized $750 million of five-year senior notes on Friday on the tight side of guidance.

The deal brings week to date investment-grade volume to about $49 billion, in line with the $45 billion to $50 billion of supply forecast for the short market week.

Volume was boosted by AbbVie Inc.’s $30 billion 10-tranche offering of bonds priced on Tuesday in the fourth largest high-grade bond deal on record, according to market sources.

On Friday, Western Union Corp. (Baa2/BBB/BBB+) concluded a three-day round of investor calls and meetings, a source said.

Coming up on Monday, credit ratings firm S&P Global Inc. (Baa1//BBB+) will hold fixed income investor calls, a source said. The arrangers are BofA Securities, Inc., Citigroup, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC.

In the secondary market, AbbVie’s $30 billion of bonds (Baa2/A-/) were mixed but remain mostly better than issuance, a source said.

The company’s $5.5 billion of 3.2% notes due Nov. 21, 2029 were quoted 3 bps tighter in secondary trading.

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