U.S. Bank, IHS Markit, M&T Bank, BGC, Antares price notes; SMBC holds investor calls

By Cristal Cody

Tupelo, Miss., July 19 – High-grade issuers priced nearly $6 billion of bonds on Thursday, bringing week to date issuance to more than $33 billion.

U.S. Bank NA sold $3.25 billion of senior notes in three tranches.

IHS Markit Ltd. brought $1.25 billion of senior notes in two tranches to the primary market during the session.

M&T Bank Corp. priced $750 million of fixed- and floating-rate senior notes in two parts.

BGC Partners, Inc. came with $450 million of five-year senior notes.

Also, Antares Holding LP (/BBB-/DBRS: BBB) sold $280 million of 6% five-year notes at a spread of Treasuries plus 326.5 basis points on Thursday, according to a market source. The notes were talked to print in the 6% area.

In other market action on Thursday, SMBC Aviation Capital Ltd. (/BBB+/A-) will begin to hold fixed-income investor calls for a possible deal, a source said.

Deal volume week to date has surpassed syndicate forecasts of about $25 billion of issuance.

Bank and financial supply have dominated the week’s primary action with new paper priced from issuers including Mitsubishi UFJ Financial Group, Inc., JPMorgan Chase & Co., Wells Fargo Bank NA, Citigroup Inc., Citibank, NA and Bank of America Corp.

The Markit CDX North American Investment Grade 30 index eased more than 1 bp over the day to a spread of 61 bps.

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