High-grade primary busy; Mizuho, Nomura, Simon, Caterpillar, Jabil, PVH price

By Cristal Cody

Tupelo, Miss., July 6 – Investment-grade action revved up on Monday following the Independence Day holiday with more than $12 billion of bonds priced over the session.

Mizuho Financial Group, Inc. sold $2.5 billion of senior notes (A1/A-/) in three tranches in the first diversity and inclusion bond offering by a Japanese bank.

The deal included floating-rate notes and two tranches of fixed-to-floating-rate notes.

Nomura Holdings Inc. priced $2.5 billion of fixed-rate senior notes (Baa1/BBB+/) in two tranches over the day.

Simon Property Group LP came by with $2 billion of new issue and reopened notes (A2/A/) in three parts.

Also, American Honda Finance Corp. priced $2 billion of three- and five-year medium-term notes (A3/A-/) in two tranches on Monday.

Caterpillar Financial Services Corp. brought $1.5 billion of senior medium-term notes (A3/A/A) in two parts during the session, including floating-rate notes due Jan. 6, 2022 and three-year fixed-rate notes.

Jabil Inc. sold $600 million of senior notes due Jan. 15, 2031 (Baa3/BBB-/BBB-) during the session.

PVH Corp. placed $500 million of five-year senior notes (Baa3/BBB-/) in a Rule 144A and Regulation S offering upsized from $400 million.

National Bank of Canada (A3/A/A+) tapped the primary market with $500 million of three-year notes.

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