FMC, Omega price investment-grade bonds; RBC, Council of Europe, Rentenbank tap market

By Cristal Cody

Tupelo, Miss., Sept. 17 – Investment-grade issuers priced more than $5 billion of bonds in the corporate and sovereign, supranational and agency primary markets on Tuesday.

FMC Corp. priced a $1.5 billion three-tranche offering of senior notes.

Omega Healthcare Investors, Inc. sold $500 million of 10-year senior notes.

In SSA supply, Royal Bank of Canada priced $1.5 billion of three-year covered bonds.

Council of Europe Development Bank sold $1 billion of three-year senior global notes.

Landwirtschaftliche Rentenbank also brought $1 billion of two-year senior notes to the primary market.

Week to date, investment-grade volume totals more than $11 billion.

Issuance was expected to be front-loaded ahead of the Federal Reserve’s monetary policy decision due on Wednesday. The primary market most likely will remain quiet on Wednesday with the focus on a potential additional rate cut, a source said.

In other action on Tuesday, PayPal Holdings Inc. held fixed income investor calls.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.