KfW, Quebec, Airbus price; International Finance eyes $250 million tap; telecom bonds ease

By Cristal Cody

Tupelo, Miss., April 5 – The high-grade bond market saw new SSA and corporate issuance over Wednesday’s session.

KfW priced $4 billion of long five-year global notes.

Inter-American Development Bank sold $3.75 billion of three-year global notes.

The Province of Quebec priced $1.25 billion of 10-year dollar-denominated global notes in line with talk.

In corporate supply, UniCredit SpA priced a $2 billion two-part offering of senior notes.

Airbus Group SE priced $1.5 billion of senior notes in two tranches.

Protective Life Global Funding brought $300 million of three-year senior notes to the primary market.

Coming up in new issuance, International Finance Corp. is preparing to price a $250 million add-on to a floating-rate note.

Also, Fannie Mae plans to price an offering of five-year benchmark notes.

In the secondary market on Wednesday, bonds in the telecommunications sector weakened.

AT&T Inc.’s 4.25% notes due March 1, 2027 eased about 5 basis points.

Verizon Communications Inc.’s 4.125% notes due March 16, 2027 traded about 3 bps softer.

The Markit CDX North American Investment Grade index was mostly unchanged on the day at a spread of 66 bps.

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