AstraZeneca, Atmos Energy, ConEd, Dr Pepper Snapple tap primary market; credit spreads steady

By Cristal Cody

Tupelo, Miss., June 5 – Pricing action stayed strong in the investment-grade bond market on Monday led by a $2 billion three-part notes deal from AstraZeneca plc.

In other new issuance, Atmos Energy Corp. priced $750 million of senior notes in a new 10-year tranche and a reopening of its 4.125% bonds due Oct. 15, 2044.

Air Lease Corp. sold $600 million of five-year senior notes.

Autodesk, Inc. tapped the primary market with a $500 million offering of 3.5% 10-year senior notes.

Consolidated Edison Co. of New York, Inc. sold $500 million of 30-year debentures.

San Diego Gas & Electric Co. placed $400 million of 30-year first mortgage bonds.

Dr Pepper Snapple Group, Inc. came with $400 million add-ons to two existing tranches of senior notes.

Also, Astoria Financial Corp. priced $200 million of three-year senior notes on Monday.

About $25 billion to $30 billion of deal volume is forecast by syndicate sources for the week.

The Markit CDX North American Investment Grade index ended mostly unchanged at a spread of 60 basis points.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.