Johnson & Johnson sells $4.5 billion bonds; American Electric, Suncor NiSource, KfW price

By Cristal Cody

Tupelo, Miss., Nov. 8 – Johnson & Johnson tapped the high-grade primary market on Wednesday with a $4.5 billion five-tranche offering of notes.

In addition, American Electric Power Co., Inc. priced a $1 billion two-part offering of senior notes.

Suncor Energy Inc. sold $750 million of 30-year notes in an offering that was upsized from $500 million, a source said.

NiSource Finance Corp. sold $500 million of five-year guaranteed notes.

Also, KfW priced $3 billion of three-year global notes.

AvalonBay Communities, Inc. and Mosaic Co. also were expected to price new bonds.

The Markit CDX North American Investment Grade 29 index softened about 0.5 basis point to a spread of 55 bps.

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