NextEra, MidAmerican Energy, Marriott, Owl Rock price; European Investment Bank in pipeline

By Cristal Cody

Tupelo, Miss., Oct. 1 – NextEra Energy Capital Holdings Inc. led deal volume in the high-grade primary market on Tuesday with a $1 billion offering of 10-year guaranteed debentures.

MidAmerican Energy Co. came by to bring $850 million of green first mortgage bonds in new and reopened tranches during the session.

Marriott International Inc. priced $550 million of three-year senior notes.

In addition, Owl Rock Capital Corp. sold $425 million of long five-year senior notes.

Meanwhile, the European Investment Bank is marketing $1 billion of 10-year global notes to price on Wednesday.

High-grade volume week to date totals more than $6 billion.

Supply is expected to slow in October after the busiest September on record in the high-grade bond market, sources report.

About $10 billion to $15 billion of issuance is anticipated by syndicate sources this week, while October is forecast to see about $80 billion to $90 billion of total supply.

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