Mizuho, Royal Bank, American Honda, New York Life price; FHLBank reopens; Total firms

By Cristal Cody

Tupelo, Miss., July 9 – Investment-grade corporate issuers priced nearly $6 billion of bonds on Tuesday, bringing week-to-date supply to about $18 billion.

About $15 billion to $20 billion of volume was expected by market sources for the week.

Mizuho Financial Group, Inc. priced $2.75 billion of notes in four tranches on Tuesday.

Also, Royal Bank of Canada sold $1.25 billion of five-year senior medium-term notes.

American Honda Finance Corp. placed $1 billion of two-year floating-rate medium-term notes.

New York Life Global Funding brought $900 million of three-year senior secured notes in two tranches to the primary market.

In addition, the Federal Home Loan Bank System priced a $300 million add-on to its 3.25% Global notes due Nov. 16, 2028 on Tuesday.

New issues were mostly tighter in secondary trading, a market source said.

Total Capital’s notes (Aa3/A+) tightened about 2 bps to 4 bps.

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