Oneok, Sherwin-Williams, CenterPoint, Duke Energy, Ventas, Westar price

By Cristal Cody

Tupelo, Miss., Aug. 12 – Investment-grade issuers brought more than $7 billion of bonds to the primary market in eight registered deals over Monday’s session.

Oneok Inc. sold $2 billion of guaranteed senior notes in three tranches.

Sherwin-Williams Co. priced a $1.35 billion two-tranche offering of senior notes.

CenterPoint Energy, Inc. placed $1.2 billion of senior notes in three parts.

Duke Energy Carolinas LLC sold $800 million of first and refunding mortgage bonds in two tranches.

Ventas Realty LP brought $650 million of long 10-year guaranteed senior notes.

Lincoln National Corp. priced $500 million of long 10-year senior notes.

Westar Energy, Inc. tapped the market with a $300 million offering of 30-year first mortgage bonds.

Also, Arizona Public Service Co. sold $300 million of 10-year senior notes.

Syndicate sources expect strong supply this week to total in the $25 billion to $30 billion or higher area.

High-grade issuers priced more than $36 billion of bonds last week, beating market forecasts of about $25 billion to $30 billion of volume.

In other market action, Owens Corning announced it closed on its $450 million debut green bond offering of 3.95% senior notes due Aug. 15, 2029 that priced on July 29. The notes (Ba1/BBB/BBB-) were sold at 99.787 to yield 3.976%, or a spread of 192 basis points over Treasuries.

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