Supply soars; Ford, ICE, BNY Mellon, Duke Energy, Ventas, Paccar price

By Cristal Cody

Tupelo, Miss., Aug. 6 – Investment-grade companies priced more than $10 billion of bonds over Monday’s session.

Ford Motor Credit Co. LLC sold $2.25 billion of senior notes in three tranches.

Intercontinental Exchange Inc. placed $2.25 billion of senior notes in three parts.

American Water Capital Corp. priced a $1.3 billion two-part offering of senior notes.

Bank of New York Mellon Corp. brought $1.15 billion of senior medium-term notes in two tranches to the primary market.

Duke Energy Progress Inc. sold $800 million of first mortgage bonds in two tranches.

Ventas Realty LP sold $750 million of senior notes due Jan. 15, 2029.

NextEra Energy Capital Holdings Inc. priced $699.9 million remarketing deal.

Paccar Financial Corp. sold $650 million of fixed-rate medium-term notes in two tranches.

Also, Indiana Michigan Power Co. tapped the primary market with a $450 million sale of 30-year senior notes.

Volume already totals half of what market sources predicted for the entire week.

About $20 billion to $25 billion of supply is forecasted.

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