Hershey sells $1 billion; Rogers, Dover price notes, Citigroup on tap

By Devika Patel

Knoxville, Tenn., Oct. 28 – Primary activity in the investment-grade bond market on Monday saw three new deals pricing and one announced.

Hershey, Pa.-based Hershey Co., a manufacturer of chocolate and non-chocolate confectionery and chocolate-related grocery products, priced $1 billion of notes in three tranches.

In addition, Toronto-based Rogers Communications Inc., a communications and media company, priced $1 billion of 3.7% senior notes due 2049.

Also, Downers Grove, Ill.-based Dover Corp., a manufacturer of industrial, engineering, fluid management and electronic technical components and equipment, priced $300 million of 2.95% 10-year senior notes.

Finally, New York-based bank Citigroup Inc. announced a two-tranche offering of fixed-to-floating rate notes and floating rate notes due 2022.

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