Investment Grade Calendar

On The Horizon

AETNA INC.: $2.5 billion of new debt and commercial paper to help pay for Coventry Health Care, Inc. acquisition for about $7.3 billion; Hartford, Conn.-based health insurance company.

ATMOS ENERGY CORP.: $350 million of 30-year unsecured notes; proceeds to refinance $250 million of 5.125% senior notes due January 2013; distributes, transmits, stores natural gas and is based in Dallas.

BANK NEDERLANDSE GEMEENTEN: Five-year notes; talked at mid-swaps plus 60 bps to 64 bps; pricing expected Sept. 20; Rule 144A, Regulation S; Credit Suisse, HSBC, JPMorgan, Nomura on books; The Hague, Netherlands-based financier for publicly owned organizations.

CHICAGO BRIDGE & IRON CO.: $800 million of bonds in multiple tranches in second half of September; to help finance Shaw Group Inc. for $3 billion in cash and stock; the Woodlands, Texas-based engineering and construction firm primarily for oil and gas projects.

EATON CORP.: $5.1 billion of term debt in several tranches; proceeds to refinance $6.75 billion bridge loan used for acquisition of Cooper Industries plc; Cleveland-based diversified industrial manufacturer.

ENTERGY CORP.: $575 million of bonds in connection with merger of electric transmission business with ITC Holdings Corp.; transmission subsidiaries Entergy Transco Subs to borrow additional $1.2 billion from capital markets to pay down debt; Dallas-based integrated energy company.

PROVINCE OF ONTARIO: Benchmark-sized global notes due 2019; talked at mid-swaps plus 40 bps to 44 bps; pricing expected Sept. 20; Bank of America, Credit Suisse, HSBC, Scotia on books.

2012

DOMINION RESOURCES INC.: $1.6 billion to $2 billion of issuance split between Dominion and Virginia Electric & Power Co.; $1.5 billion used to replace maturing debt; $1.05 billion already priced by Dominion on Sept. 10; Richmond, Va.-based power and energy company.

ELECTRIC TRANSMISSION TEXAS, LLC: Debt issuances; proceeds to fund expansion plans; subsidiary of MidAmerican Energy Holdings Co., an energy producer based in Des Moines.

KERN RIVER: Plans to issue debt in early 2012; to finance the capital costs of its Apex Expansion project that began in October; subsidiary of MidAmerican Energy Holdings Co., an energy producer based in Des Moines.

LINDE AG: Dollar bonds, to refinance $4.5 billion acquisition loan for $4.6 billion purchase of Lincare Holdings Inc.; Munich-based gases and engineering company.

NORTHEAST UTILITIES: $150 million of long-term debt in second half of 2012; subsidiary Western Massachusetts Electric Co. will issue $100 million of debt and Yankee Gas Services Co. will issue $50 million of debt.

OGLETHORPE POWER CORP.: Taxable bonds to be determined as late as the fourth quarter; to help fund participation in units 3 and 4 of Vogle Nuclear Plant; electric supply cooperative based in Tucker, Ga.

PEPCO HOLDINGS INC.: $350 million to $450 million of utility long-term debt issuance in 2012; priced $200 million of 10-year mortgage bonds in March; diversified energy company based in Washington, D.C.

WATSON PHARMACEUTICALS, INC.: Senior notes by fourth quarter 2012 along with term loan borrowings; proceeds to fund acquisition of Actavis Group; Parsippany, N.J.-based pharmaceutical maker of generics and specialized branded products for women's health.

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