Lowe’s, General Motors Financial, IHS Markit, Vinci, Rockies Express Pipeline price notes

By Cristal Cody

Tupelo, Miss., April 3 – High-grade supply increased over Wednesday’s session with issuers including Lowe's Cos., Inc., General Motors Financial Co. Inc., IHS Markit Ltd. and Vinci SA in the primary market.

Lowe's priced $3 billion of notes in two tranches.

General Motors Financial sold $1.25 billion of long three-year senior notes and dropped a floating-rate tranche.

IHS Markit brought $1 billion of senior notes in two tranches.

Vinci priced $1 billion of 10-year notes in a debut bond offering.

Also on Wednesday, Rockies Express Pipeline LLC sold $550 million of split-rated 10-year senior notes.

More than $13 billion of investment-grade bonds have priced week to date.

About $20 billion of new supply was forecast by market sources for the week.

The Markit CDX North American Investment Grade 32 index was modestly tighter to flat on the day at a spread of 62 basis points.

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