Royal Bank of Canada, Aqua America, Cantor Fitzgerald, Penske price; Omers eyes primary

By Cristal Cody

Tupelo, Miss., April 24 – Investment-grade corporate issuers priced nearly $4 billion of notes over Wednesday’s session.

Royal Bank of Canada tapped the dollar-denominated primary market with $1.5 billion of medium-term senior notes in two tranches.

Aqua America, Inc. brought $900 million of fixed-rate senior notes in two parts.

Cantor Fitzgerald, LP priced an upsized $600 million of five-year senior notes.

Also, Penske Truck Leasing Co., LP and PTL Finance Corp. priced $700 million of five-year senior notes.

Meanwhile, Omers Finance Trust is holding fixed income investor calls for a Rule 144A and Regulation S offering of dollar-denominated five-year notes, according to a market source.

In other market action, Royal Bank of Canada announced it also priced a debut €500 million offering of five-year green bonds, while Morgan Stanley sold €1.5 billion of five-year notes.

Dollar-denominated high-grade volume week to date totals more than $6 billion.

On Tuesday, Rogers Communications Inc., Kimberly-Clark Corp., Marubeni Corp. and Lloyds Bank Corporate Markets plc priced $2.55 billion of notes.

On Monday, the only offering in the high-grade market was a $450 million preferred stock deal from KeyCorp.

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