Anglo American, Hartford, Idaho Power sell notes; Sprint, Welltower hold investor calls

By Cristal Cody

Tupelo, Miss., March 13 – At least three high-grade bond issuers tapped the primary market on Tuesday following more than $14 billion of volume in the previous session.

Anglo American Capital plc came with $650 million of 10-year notes after launching the issue on Monday.

Hartford Financial Services Group, Inc. sold $500 million of 30-year senior notes.

Idaho Power Co. priced $220 million of 30-year first mortgage bonds.

Several deals are forming as issuers complete roadshows, according to market sources.

Sprint Corp. subsidiaries Sprint Spectrum Co. LLC, Sprint Spectrum Co. II LLC and Sprint Spectrum Co. III LLC plan to price $3.9 billion of wireless spectrum-backed senior secured notes (Baa2//BBB) in two tranches following a telephone roadshow on Monday and Tuesday, a source said.

Also on Tuesday, Toledo, Ohio-based real estate investment trust Welltower Inc. (Baa1/BBB+/BBB+) held fixed income investor calls arranged by BofA Merrill Lynch, Deutsche Bank Securities Inc. and MUFG, according to a market source.

On Monday, Valero Energy Partners LP (Baa3/BBB-/BBB-) held fixed income investor calls, a source said. Barclays, Credit Suisse Securities (USA) LLC, Mizuho Securities USA Inc. and MUFG are the arrangers.

London-based Rio Tinto plc (A3/A/A-) completed a weeklong roadshow in the United States on Friday, a source said. J.P. Morgan Securities LLC was the arranger.

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