Takeda, Sumitomo Mitsui, MetLife Global, Equitable Financial, AEP, AIG price; EBRD on deck

By Cristal Cody

Tupelo, Miss., June 29 – Investment-grade issuers priced $12.5 billion of bonds in the primary market on Monday.

Takeda Pharmaceutical Co., Ltd. sold $7 billion of senior notes (Baa2/BBB+/) in four tranches on the tight side of guidance.

Sumitomo Mitsui Financial Group Inc. priced $3 billion of senior notes (A1/A-/) in two tranches 25 basis points tighter than initial talk.

In other supply, Metropolitan Life Global Funding I came by with $750 million of five-year green funding agreement-backed notes (Aa3/AA-/AA-) on Monday.

Equitable Holdings, Inc. subsidiary Equitable Financial Life Global Funding (A2/A+/) priced a $650 million inaugural offering of five-year funding agreement-backed notes.

AEP Texas Inc. sold $600 million of 10-year senior notes (Baa1/A-/) in a deal upsized from $500 million.

Also, AIG Global Funding priced $500 million of three-year senior secured notes (A2/A+/) in an offering upsized from $350 million.

Coming up on Tuesday, the European Bank for Reconstruction and Development plans to price a $1 billion offering of three-year global notes.

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