FedEx, Synchrony, Citizens, Tampa Electric price; BMO, Boston Gas, Ontario Teachers eye deals

By Cristal Cody

Tupelo, Miss., July 22 – Investment-grade issuers opened the week with more than $2.5 billion of new bonds priced over Monday’s session.

FedEx Corp. sold $1 billion of 10-year guaranteed senior notes in the dollar-denominated market and priced a €1 billion separate two-part euro-denominated offering.

Synchrony Financial priced $750 million of three-year senior notes.

Citizens Financial Group, Inc. sold $500 million of seven-year senior notes.

Tampa Electric Co. brought $300 million of notes due 2050 to the primary market.

Also on Monday, Bank of Montreal marketed dollar-denominated fixed-rate resetting non-cumulative subordinated additional Tier 1 capital notes.

In other activity during the session, Boston Gas Co. held fixed income investor calls for a Rule 144A and Regulation S dollar-denominated offering of 10-year senior notes.

Meanwhile, Ontario Teachers’ Finance Trust is preparing to tap the dollar-denominated market. The trust plans to hold a roadshow in North America, Europe and Asia in the near future for a Rule 144A and Regulation S dollar-denominated bond offering.

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