KfW, Roche, Citigroup issue bonds; supply tops $30 billion; Verizon, Bank of America firm

By Aleesia Forni and Cristal Cody

Virginia Beach, Nov. 13 – KfW, Roche Holding AG, Citigroup Inc. and Methanex Corp. were among the issuers pricing new bonds during Thursday’s primary session.

KfW priced $5 billion of 2.5% 10-year bonds, while Citigroup priced $1 billion of 12-year subordinated notes.

Roche Holding sold $1 billion of senior notes, including a tap of its existing notes due 2024 and a new 30-year bond.

In a deal announced earlier this week, Canada’s Methanex priced $600 million of senior notes in 10- and 30-year tranches.

Meanwhile, Macy's Retail Holdings Inc. priced $550 million of 20-year bonds, while TTX Co. sold an upsized $300 million offering.

Och-Ziff Finance Co. LLC, Agrium Inc. and Harley-Davidson Motor Co. also sold new offerings during the session.

The investment-grade primary bond market has seen more than $32 billion of new issuance price this week, topping what sources had predicted to be $25 billion to $30 billion of supply.

In the secondary market, Verizon Communications Inc.’s 4.15% notes due 2024 traded about 5 basis points better, a market source said.

Wal-Mart Stores Inc.'s 3.3% notes due 2024 were quoted flat to 1 bp wider.

In other trading, Bank of America Corp.’s 4% notes due 2024 tightened 1 bp, a market source said.

The Markit CDX North American Investment Grade series 23 index eased 1 bp to a spread of 65 bps.

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