Wells Fargo, Proctor & Gamble, General Dynamics, Thermo Fisher, Humana, others in primary

By Cristal Cody

Tupelo, Miss., March 23 – Investment-grade companies priced more than $19 billion of bonds over Monday’s session after the Federal Reserve took extreme measures to help the economy as the coronavirus engulfs the globe.

Wells Fargo & Co. priced $6 billion of medium-term senior redeemable fixed-to-floating-rate notes in two tranches.

Procter & Gamble Co. sold $5 billion of senior notes in five tranches.

General Dynamics Corp. priced $4 billion of senior notes in five parts.

Thermo Fisher Scientific Inc. priced a $2.2 billion two-part offering of senior notes.

Humana Inc. priced $1.1 billion of senior notes in two tranches.

Alexandria Real Estate Equities, Inc. priced $700 million of long 10-year guaranteed senior notes.

Nstar Electric Co., doing business as Eversource Energy, sold $400 million of 10-year green debentures.

On Friday, high-grade issuers priced more than $15 billion of bonds, bringing the week’s deal total to more than $60 billion.

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