Cenovus Energy, Banco Santander price; ABN Amro reopens notes; credit spreads tighten

By Cristal Cody

Tupelo, Miss., April 4 – Pricing action stayed steady over Tuesday’s session with at least four issuers tapping the U.S. high-grade bond market.

Cenovus Energy Inc. priced a $2.9 billion three-part offering of U.S. dollar senior notes.

Banco Santander, SA brought $2.5 billion of second ranking senior debt securities in three tranches to the primary market.

ABN Amro Bank NV sold $1.25 billion in reopenings of two bonds on Tuesday.

Also on Tuesday, Stanford University planned to price 31-year taxable bonds. Final pricing details were not available by press time.

The Markit CDX North American Investment Grade index firmed 1 basis point to close on Tuesday at a spread of 66 bps.

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