EQT, Nippon, American Campus, Japan Bank tap primary market; Ontario, Japan Bank plan deals

By Cristal Cody

Tupelo, Miss., Jan. 15 – New investment-grade supply on Wednesday included bond deals from EQT Corp., Nippon Life Insurance Co., American Campus Communities Operating Partnership LP and Japan Bank for International Cooperation.

EQT priced $1.75 billion of split-rated senior notes in two tranches better than initial talk.

Nippon Life Insurance placed $1.15 billion of 30-year subordinated notes tighter than talk.

American Campus Communities Operating Partnership sold $400 million of 10-year guaranteed senior notes better than initial guidance.

Also, Japan Bank for International Cooperation priced $2.25 billion of three-year guaranteed bonds 5 basis points tighter than initial talk.

Coming up on Thursday, the Province of Ontario plans to price a dollar-denominated offering of three-year global notes.

Meanwhile, Japan Finance Organization for Municipalities intends to market a dual currency bond offering with a roadshow.

Week to date, deal volume totals more than $23 billion.

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