Exxon, UPS, Ameritrade, Regency, Duke, Brixmor price; issuers eye primary

By Cristal Cody

Tupelo, Miss., Aug. 13 – Investment-grade issuers priced nearly $10 billion of bonds on Tuesday, bringing week to date deal volume to more than $21 billion.

Supply was forecast to total in the $25 billion to $30 billion or higher area this week, according to market sources.

Exxon Mobil Corp. led the day’s supply with a $7 billion seven-tranche offering of notes.

United Parcel Service, Inc. tapped the primary market with $1.5 billion of senior notes in three tranches.

TD Ameritrade Holding Corp. sold $500 million of 10-year senior note.

Regency Centers LP brought $425 million of 10-year guaranteed senior notes.

Brixmor Operating Partnership LP priced a $350 million reopening of 4.125% senior notes due May 15, 2029.

Duke Realty LP also priced a $175 million add-on to its 3.375% senior notes due Dec. 15, 2027.

In other action on Tuesday, Assurant Inc. (Baa3/BBB/) wrapped a two-day round of fixed income investor calls on Tuesday for a possible bond offering, according to a market source.

In addition on Tuesday, split-rated issuer Gaming and Leisure Properties, Inc. (Ba1/BB+/BBB-/) held fixed income investor calls, a source said.

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