Morning Commentary: High-grade primary busy; Life Storage, Delta Air Lines, Buckeye to price

By Cristal Cody

Tupelo, Miss., Nov. 28 – The high-grade primary bond market remained revved up at the start of Tuesday’s session with several deals in the works.

Life Storage LP is marketing an offering of senior notes due 2027.

Synchrony Financial plans to price 10-year senior notes.

Physicians Realty LP intends to price an offering of senior notes.

Also, Delta Air Lines Inc. is marketing a bond deal.

Buckeye Partners, LP is offering fixed-to-floating rate junior subordinated notes due 2077.

In addition, Pinnacle West Capital Corp. plans to price senior notes.

About $30 billion of issuance is expected by market sources for the week with supply forecast to remain heavy into mid-December.

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