High-grade primary packed; Visa, Fox, energy issuers, others price; March volume a record

By Cristal Cody

Tupelo, Miss., March 31 – High-grade issuers continued to flood the primary market on Tuesday and priced about $13 billion of bonds over the session.

The deals bring week to date volume to about $50 billion after Monday’s record daily supply high.

Issuers on Tuesday brought both corporate and sovereign, supranational and agency supply.

During the session, Visa Inc., Fox Corp., Crown Castle International Corp., General Mills, Inc., Ameriprise Financial, Inc. and Athene Global Funding sold notes.

A few utilities also priced bonds.

San Diego Gas & Electric Co., Dominion Energy, Inc., Edison International, DTE Electric Co., Ameren Illinois Co. and Idaho Power Co. tapped the primary market.

Swedish Export Credit Corp. brought new SSA supply.

About $30 billion to as much as $60 billion of deal volume was expected this week, according to market sources.

Issuers priced more than $37 billion of bonds on Monday, led by a $20 billion six-part deal from Oracle Corp.

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