Japan Bank, Home Depot, Xilinx, Export Development Canada sell bonds; Home Depot steady

By Cristal Cody

Tupelo, Miss., May 24 – High-grade primary issuance slowed on Wednesday with more than $8 billion of bonds priced over the session.

Japan Bank for International Cooperation placed $5 billion of guaranteed senior bonds in four tranches.

Home Depot Inc. brought a $2 billion three-tranche offering of senior notes.

Xilinx, Inc. priced $750 million of seven-year senior notes.

Also, Export Development Canada sold $500 million of three-year global green notes.

“This is our largest green bond yet, which reflects the increasing demand for sustainable investment products within the international capital markets community,” Ken Kember, Export Development Canada’s chief financial officer, said in a release. “Combatting climate change by supporting clean technologies is a strategic priority for EDC. Canadian companies have the expertise to be world leaders in the sector, which is why we’re working hard to support the commercialization of these companies.”

The deal is Export Development Canada’s third green bond. The agency previously issued $300 million of bonds in January 2014 and $300 million in December 2015.

In the secondary market, Home Depot’s existing bonds were unchanged on the day.

The Markit CDX North American Investment Grade index ended mostly flat at a spread of 62 basis points.

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