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Published on 4/17/2019 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily, Prospect News Preferred Stock Daily and Prospect News Private Placement Daily.

Bank of America, BlackRock, Nationwide Building, Main Street, Ontario price

By Cristal Cody

Tupelo, Miss., April 17 – Deal volume continued at a strong pace on Wednesday in the high-grade primary market with more than $6 billion of bonds priced.

Bank of America Corp. sold $4.5 billion of notes in two tranches on Wednesday, a source said. Final pricing details were not immediately available.

Also during the session, BlackRock Inc. priced $1 billion of 10-year senior notes.

Nationwide Building Society brought $1 billion of four-year notes to the primary market.

Main Street Capital Corp. upsized an offering of five-year notes by $100 million to $250 million.

In addition, the Province of Ontario sold $1.75 billion of three-year bonds.

Volume is expected to thin after Wednesday with the bond markets scheduled to close early at 2 p.m. ET on Thursday and remain closed on Friday for the Good Friday holiday.

Week to date, corporate issuers have priced about $19 billion of high-grade notes, beating market forecasts of about $10 billion to $15 billion of issuance for the week.


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