Lowe’s, Smith & Nephew, Conagra, Steel Dynamics, Omega price

By Cristal Cody

Tupelo, Miss., Oct. 7 – Investment-grade-rated companies priced more than $7 billion of bonds in the primary market on Wednesday, pushing week-to-date volume past market forecasts.

Lowe's Cos., Inc. brought $4 billion of notes (Baa1/BBB+/) in three tranches to the market.

The company sold $1 billion of long seven-year notes, $1.25 billion of 10-year notes and $1.75 billion of 30-year bonds.

Smith & Nephew plc priced $1 billion of 10-year notes (Baa2/BBB+/) during the session.

Conagra Brands, Inc. sold $1 billion of seven-year senior notes (Baa3/BBB-/BBB-) on Wednesday.

Steel Dynamics, Inc. priced $750 million of fixed-rate senior notes (Baa3/BBB-/BBB) in two tranches, including $350 million of seven-year notes and $400 million of 30-year notes.

Also, Omega Healthcare Investors, Inc. brought $700 million of senior notes due Feb. 1, 2031 (Baa3/BBB-/BBB-) on Wednesday.

In sovereign, supranational and agency pricing action, the European Bank for Reconstruction and Development (Aaa/AAA/AAA) priced $1 billion of floating-rate notes due Oct. 15, 2024.

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