Home Depot, John Deere Capital, Duke Energy, Magellan, Cabot price; RBS preps

By Cristal Cody

Eureka Springs, Ark., Sept. 6 – High-grade corporate issuers kicked the post-Labor Day market off with about $10 billion of bond issuance on Tuesday.

Mitsubishi UFJ Financial Group, Inc. raised $4 billion in a four-part offering of senior notes.

Home Depot, Inc. priced $2 billion of senior notes in 10- and 40-year tranches.

American Honda Finance Corp. came with a $1.75 billion three-tranche offering of notes on Tuesday.

John Deere Capital Corp. priced $750 million of three-year notes in fixed- and floating-rate tranches.

Duke Energy Florida, LLC placed $600 million of 30-year first mortgage bonds, while Magellan Midstream Partners, LP sold $500 million of 30-year senior notes during the session.

Cabot Corp. brought $250 million of 10-year senior notes to market on Tuesday.

In other market activity, the Royal Bank of Scotland Group plc announced plans to price seven-year senior notes.

The Markit CDX North American Investment Grade index tightened 1 basis point over the day to close at a spread of 71 bps.

Coca-Cola Co.’s 2.25% notes due 2026 (Aa3/AA-/A+) priced a week ago traded about 2 bps tighter in secondary trading earlier Tuesday.

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