Alphabet notes attract strong demand; AstraZeneca, Praxair, JetBlue, Textron, Kilroy price

By Cristal Cody

Tupelo, Miss., Aug. 3 – Investment-grade issuers poured into the primary market on Monday with volume anchored by a $10 billion six-tranche bond offering from Google owner Alphabet Inc.

Alphabet’s senior notes (Aa2/AA+/), which included three tranches of sustainability bonds, had a cumulative order book of more than $34 billion, a source said.

AstraZeneca plc came by with $3 billion of notes (A3/BBB+/A-) in three tranches.

Praxair, Inc. sold $1 billion of guaranteed notes (A2/A) in two tranches.

JetBlue Airways Corp. priced $635,462,000 of class A pass-through trust certificates (A2/A) and $172.33 million of class B pass-through trust certificates (Baa2/BBB) on Monday.

DTE Energy Co. sold $800 million of five-year senior notes (Baa1/BBB/BBB).

Textron Inc. priced $500 million of notes due March 15, 2031 (Baa2/BBB/) during the session.

Mid-America Apartments, LP sold $450 million of senior notes due Feb. 15, 2031 (Baa1/BBB+/BBB+).

Kilroy Realty, LP brought $425 million of guaranteed green senior notes due Nov. 15, 2032 (Baa2/BBB/) to the primary market in a transaction upsized from $350 million.

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