Disney, PayPal, Fiserv, Nutrien, Suncor, ITC, Regency, Quest price

By Cristal Cody

Tupelo, Miss., May 11 – Investment-grade corporate issuers including Walt Disney Co. and PayPal Holdings Inc. priced more than $23 billion of bonds on Monday as supply remained strong in the primary market.

Walt Disney led volume with an $11 billion six-part offering of senior notes (A2/A-/A) that attracted book orders of more than $30 billion.

PayPal Holdings priced $4 billion of notes (A3/BBB+/BBB+) in four tranches.

Fiserv, Inc. sold $2 billion of senior notes (Baa2/BBB/) in two tranches.

Nutrien Ltd. priced $1.5 billion of fixed-rate senior notes (Baa2/BBB/) in three tranches.

Also on Monday, Becton, Dickinson and Co. brought $1.5 billion of split-rated senior notes (Ba1/BBB/BBB-) in two tranches to the market 27.5 basis points tighter than talk.

Suncor Energy Inc. sold $1 billion of senior medium-term notes (Baa1/BBB+/DBRS: A) in two parts.

ITC Holdings Corp. (Baa2/BBB+/) priced an upsized $700 million Rule 144A and Regulation S offering of 10-year senior notes.

Regency Centers LP was in the primary market on Monday with $600 million of 10-year guaranteed senior notes (Baa1/BBB+/).

Quest Diagnostics Inc. sold $550 million of senior notes due June 30, 2031 (Baa2/BBB+/BBB).

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