High-grade volume heavy; Oracle prices $20 billion notes; TJX, Sysco, B.A.T., Exelon print

By Cristal Cody

Tupelo, Miss., March 30 – High-grade corporate issuers priced more than $37 billion of bonds over Monday’s session.

The volume was led by a $20 billion six-tranche offering of senior notes from Oracle Corp. in the largest deal of the year.

TJX Cos., Inc. priced $4 billion of senior notes in four tranches.

Sysco Corp. sold $4 billion of senior notes in four parts, including two tranches with 6.6% coupons.

British American Tobacco plc subsidiary B.A.T. Capital Corp. priced $2.4 billion of senior notes in three tranches.

Exelon Corp. brought $2 billion of senior notes in two tranches.

Anglo American Capital plc priced $1.5 billion of notes in two parts.

Aflac Inc. sold $1 billion of 10-year senior notes.

Southern California Edison Co. priced an upsized $600 million reopening of its 3.7% first and refunding mortgage bonds due Aug. 1, 2025.

AEP Transmission Co. placed $525 million of 30-year senior notes.

Ventas Realty LP sold $500 million of long 10-year guaranteed senior notes.

Wisconsin Power & Light Co. priced $350 million of 30-year debentures.

Oklahoma Gas & Electric Co. sold $300 million of 10-year senior notes.

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