Blackstone/GSO price $300 million; NWB, Kommuninvest, International Development in pipeline

By Cristal Cody

Tupelo, Miss., Nov. 23 – Blackstone/GSO Secured Lending Fund priced an upsized $300 million Rule 144A and Regulation S reopening of its 3.625% senior notes due Jan. 15, 2026 (Baa3//BBB-) on Monday as the sole reported corporate issuer in the high-grade bond market.

The deal was upsized from $150 million.

Light activity is expected over the Thanksgiving Day holiday week with up to about $5 billion of supply forecast, according to syndicate sources.

The bond markets will close on Thursday and will close early at 2 p.m. ET on Friday.

Sovereign, supranational and agency pricing action is expected to heat up on Tuesday with several deals in the pipeline.

Nederlandse Waterschapsbank NV plans to bring $1 billion of five-year senior notes (Aaa/AAA/) to the primary market on Tuesday.

Kommuninvest I Sverige AB (Aaa/AAA/) also is marketing $1 billion of notes due Aug. 9, 2023 in a transaction expected to price on Tuesday.

In addition, International Development Association (Aaa/AAA) intends to price a dollar-denominated Rule 144A and Regulation S offering of senior notes due Dec. 3, 2030 on Tuesday.

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