Bank of America, Concho, Citibank, Public Storage price notes; Quebec plans $500 million

By Cristal Cody

Tupelo, Miss., Sept. 13 – The high-grade bond market stayed busy for a third straight session on Wednesday with numerous issuers.

Bank of America Corp. came with a $4.5 billion three-tranche offering of senior notes.

Concho Resources Inc. priced $1.8 billion of split-rated senior notes in two parts.

Citibank, NA raised $2.25 billion in an offering of two-year fixed- and floating-rate notes.

Public Storage sold $1 billion of senior notes in two parts.

Washington Gas Light Co. tapped its 3.796% notes due Sept. 15, 2046 in a $200 million deal.

Also, the Commonwealth Bank of Australia was in the market offering five tranches of notes on Wednesday, a source said.

In addition, Nordic Investment Bank priced $1 billion of three-year notes.

In other action on Wednesday, Bellevue, Wash.-based online travel company Expedia Inc. (Ba1/BBB-/BBB-) held investor calls for a possible deal, according to a market source.

Looking to Thursday’s supply, the Province of Quebec plans to price a $500 million dollar-denominated offering of floating-rate notes due Sept. 21, 2020. The notes were talked in the Libor plus 15 basis points area.

Also in the pipeline, Kommuninvest I Sverige AB is marketing a $1 billion offering of three-year notes in a Rule 144A and Regulation S deal, according to a market source.

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