Goldman, Branch Banking, AerCap, MidAmerican tap primary; Nordic Bank, Quebec in pipeline

By Cristal Cody

Eureka Springs, Ark., Jan. 23 – Several issuers found a window on Monday to price more than $8 billion of bonds in the high-grade primary market.

Two more issuers are in Tuesday’s deal pipeline.

On Monday, Goldman Sachs Group Inc. priced $5 billion of notes in three tranches to strong demand.

Branch Banking & Trust Co. brought a $2.6 billion three-part offering of notes.

AerCap Ireland Capital DAC and AerCap Global Aviation Trust came with a $600 million offering of long five-year guaranteed senior notes.

MidAmerican Energy Co. placed $850 million of first mortgage bonds in two tranches.

In the Canadian investment-grade primary market, IGM Financial Inc. sold C$600 million of senior debentures (/A+/DBRS: A) in two tranches on Monday.

Also, H&R Real Estate Investment Trust priced C$200 million of 3.369% series N senior debentures due Jan. 30, 2024.

Coming up in supply on Tuesday, Nordic Investment Bank (Aa2/AA-) plans to price $1 billion of global notes due Feb. 1, 2022 that were talked to price in the mid-swaps plus 19 basis points area.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC and TD Securities (USA) LLC are the lead managers.

Also, the Province of Quebec (Aa2/A+/AA-) plans to price an offering of global notes due Jan. 31, 2022 on Tuesday via BofA Merrill Lynch BMO Capital Markets Corp., Deutsche Bank Securities Inc. and Scotia Capital (USA) Inc.

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