Daimler, American Express, Westpac, Caterpillar, Ventas Realty price

By Cristal Cody

Tupelo, Miss., Feb. 19 – Investment-grade corporate issuers priced $10 billion of bonds over Tuesday’s session.

Daimler Finance North America LLC brought $3 billion of senior notes in four tranches to the primary market.

American Express Co. sold $2 billion of senior notes in two parts.

Westpac Banking Corp. priced $1.75 billion of five-year fixed- and floating-rate notes.

Caterpillar Financial Services Corp. raised $1.6 billion in a two-part offering of medium-term notes.

Ventas Realty LP priced a $700 million two-part offering of senior notes.

Huntington National Bank priced $500 million of three-year senior notes.

Also, Mednax, Inc. priced a $500 million add-on to its split-rated 6.25% senior notes due Jan. 15, 2027 (Ba2/BBB-/) during the session in an offering upsized from $200 million.

In other activity on Tuesday, Weyerhaeuser Co. (Baa2/BBB/) held fixed-income investor calls, a market source said. BofA Merrill Lynch, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the arrangers.

The primary market is expected to remain busy on Wednesday, a source said.

About $20 billion to $25 billion of investment-grade issuance was forecast by syndicate sources for the holiday-shortened market week.

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