Investment Grade Calendar

On The Horizon

AMERICAN AIRLINES, INC.: $663,378,000 enhanced equipment trust certificates; $506.7 million class B due July 15, 2025 (/BBB-/BBB+); $156.6 million class B due Jan. 15, 2021 (/B+/B); Rule 144A, Regulation S; secured by eight Boeing aircraft; Fort Worth, Texas-based commercial airline.

BANK NEDERLANDSE GEMEENTEN: Benchmark-sized five-year notes (Aaa/AAA/AAA); Rule 144A, Regulation S; Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc., RBC Capital Markets LLC; the Hague, the Netherlands-based local government funding agency; talked in mid-swaps plus high 30 bps area; pricing March 12.

ENTERGY CORP.: $575 million of bonds in connection with merger of electric transmission business with ITC Holdings Corp.; transmission subsidiaries Entergy Transco Subs to borrow additional $1.2 billion from capital markets to pay down debt; Dallas-based integrated energy company.

GENERAL ELECTRIC CO.: $4 billion of Comcast Corp. notes from sale of NBCUniversal equity stake; Fairfield, Conn.-based multinational conglomerate.

HARTFORD FINANCIAL SERVICES GROUP, INC.: $350 million or more long-term senior notes; to help fund tender offer to be completed on or before April 3; Hartford, Conn.-based investment and insurance company.

JAPAN BANK FOR INTERNATIONAL COOPERATION: Canadian dollar-denominated five-year guaranteed bonds; (Aa3/AA-/); Merrill Lynch Canada Inc., CIBC World Markets Inc. and RBC Dominion Securities Inc.; unconditionally guaranteed by Japan; Tokyo-based bank to use proceeds for operations; guidance set at 100 bps spread area; pricing on March 12.

MALLINCKRODT PLC: Unsecured bonds; for general corporate purposes with excess to be retained by Covidien plc; specialty pharmaceutical spin-off of Dublin-based health-care products company Covidien.

2013

LINDE AG: Dollar bonds, to refinance $4.5 billion acquisition loan for $4.6 billion purchase of Lincare Holdings Inc.; Munich-based gases and engineering company.

MIDAMERICAN ENERGY HOLDINGS CO.: $500 million to $600 million in late 2013; to pay debt owed to turbine supplier; subsidiary PacifiCorp to price $300 million to $400 million mid-year debt issuance; subsidiary Topaz Solar Farms LLC pricing debt for first half of 2013; subsidiary Electric Transmission Texas LLC pricing debt mid-year to fund continued expansion in Ercot; Des Moines-based energy producer.

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