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Lam, Woodside, Bank of Australia, PacifiCorp, Ryder, RPM, Regency, Atmos price
By Cristal Cody
Tupelo, Miss., Feb. 25 – Investment-grade issuers kicked the week off with more than $8 billion of corporate bonds priced over Monday’s session.
Lam Research Corp. sold $2.5 billion of senior notes in three tranches.
Woodside Finance Ltd. priced $1.5 billion of 10-year notes following the company’s two-day roadshow that ended Friday.
Commonwealth Bank of Australia sold $1.25 billion of notes in two parts.
PacifiCorp placed $1 billion of first mortgage bonds in two tranches.
Other issuers during the session included Ryder System, Inc., RPM International Inc., Regency Centers LP, Atmos Energy Corp. and Store Capital Corp.
About $25 billion to $30 billion of investment-grade issuance is expected by market sources this week.
Volume was strong last week with more than $27 billion of supply, compared to the $20 billion to $25 billion of issuance expected.
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