Ingersoll-Rand, Norfolk, Ventas, Capital One, KfW, Pefco price; Rentenbank in pipeline

By Cristal Cody

Tupelo, Miss., Feb. 13 – Deal action picked up over Tuesday’s session with several corporate and SSA issuers in the primary market.

Ingersoll-Rand Global Holding Co. Ltd. came with $1.15 billion of senior notes in three parts.

Norfolk Southern Corp. priced $500 million of 30-year senior notes.

Ventas Realty LP sold $650 million of 10-year senior notes on the tight side of talk.

Capital One Financial Corp. placed $250 million of three-year floating-rate senior notes.

In SSA supply, KfW priced an upsized $1.5 billion of notes due 2019.

Nederlandse Waterschapsbank NV priced a $500 million tap of its senior floating-rate notes due Feb. 24, 2020 on top of guidance.

Also, Private Export Funding Corp. raised $300 million in an offering of three-year medium-term notes.

Coming up on Wednesday, Rentenbank plans to price a minimum $1 billion offering of two-year guaranteed notes that were initially talked to price in the mid-swaps minus 3 basis points area, a source said.

The Markit CDX North American Investment Grade 29 index softened more than 1 bp to close Tuesday at a spread of 59 bps.

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