Handelsbanken, Marriott, U.S. Bancorp, Boston Properties price; DowDuPont, Takeda eyed

By Cristal Cody

Tupelo, Miss., Nov. 13 – Investment-grade issuers priced more than $4 billion of bonds in the primary market on Tuesday.

Svenska Handelsbanken AB sold $1.4 billion of five-year notes.

Marriott International Inc. placed $1.2 billion of senior notes in three tranches.

Boston Properties LP brought $1 billion of 10-year green senior notes.

U.S. Bancorp priced $750 million of seven-year medium-term senior notes.

Also on Tuesday, DowDuPont Inc. held fixed-income investor calls for eight tranches of notes expected to total in the $12 billion area.

With DowDuPont’s offering and a potential dollar-denominated deal from Takeda Pharmaceutical Co., Ltd. forthcoming, some sources are estimating as much as $45 billion of supply for the week.

About $25 billion to $30 billion of investment-grade bond issuance is expected on average, according to syndicate sources.

The Markit CDX North American Investment Grade 31 index eased about 3 basis points from Friday’s levels following the Veterans Day holiday on Monday to a spread of 69 bps.

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