Morning Commentary: Ford, Markel, NextEra, Waste Management eye deals; strong supply likely

By Cristal Cody

Tupelo, Miss., Oct. 30 – Several issuers announced plans early Monday to tap the investment-grade bond market.

Ford Motor Credit Co. LLC is marketing three tranches of notes.

Markel Corp. is in the deal pipeline with two tranches of senior notes due 2027 and 2047.

NextEra Energy Capital Holdings Inc. is offering junior subordinated debentures due Dec. 1, 2077.

Waste Management, Inc. also intends to sell an offering of senior notes,

Primary action is expected to be strong over the week with market sources forecasting about $25 billion to $30 billion of supply.

In other activity early Monday, Santander UK Group Holdings plc and Santander UK plc provided additional details of the companies’ previously reported bond deals that priced on Friday.

Friday’s session saw $17.6 billion of high-grade bonds trade, according to Trace.

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