EIB, Neuberger, Healthcare Realty price; Home Depot, Boeing long bonds firm

By Aleesia Forni and Cristal Cody

Virginia Beach, April 15 – European Investment Bank, Neuberger Berman Group LLC and Healthcare Realty Trust Inc. brought to market new bond deals on Wednesday, continuing the relative lull in market activity.

EIB’s newly printed $5 billion five-year global bond came in line with price guidance.

A rare new deal from investment management firm Neuberger Berman Group LLC attracted a strong response from investors during the session.

Rounding out the day’s new deals, Healthcare Realty sold its $250 million issue of 10-year notes around 22.5 basis points tight of the mid-point of initial guidance.

Kommunalbanken AS was added to this week’s pipeline, setting talk for a 10-year offering expected to price on Thursday.

Roughly $10.5 billion of new issuance has priced this week, short of earlier predictions, with EIB’s new issue accounting for nearly half of that total.

Investment-grade bonds traded mostly better over the session on Wednesday, sources said.

Home Depot, Inc.’s 4.4% bonds due 2045 firmed 2 bps in the secondary market.

Boeing Co.’s 3.5% senior notes due 2045 traded 1 bp tighter.

Wells Fargo & Co.’s 2.15% senior notes due 2020 improved 1 bp in trading.

The Markit CDX North American Investment Grade series 23 index ended the day 1 bp tighter at a spread of 61 bps.

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