Danske, Magellan Midstream, TTX in primary; Fox, Western and Southern Life, CPPIB eyed

By Cristal Cody

Tupelo, Miss., Jan. 11 – The investment-grade market continued to see new issuance on Friday, bringing the week’s bond volume to about $41 billion.

Danske Bank A/S priced $3 billion of senior notes in two tranches.

Magellan Midstream Partners, LP sold $500 million of 30-year senior notes.

In addition, TTX Co. launched a $350 million offering of 30-year medium-term notes.

Several issuers also may be looking to tap the primary market soon.

Fox Corp. began a round of fixed income investor calls on Friday.

Western and Southern Life Insurance Co. will hold investor calls on Monday and Tuesday for a dollar-denominated note offering.

CPPIB Capital Inc. also intends to price a Rule 144A- and Regulation S-eligible offering of dollar-denominated notes.

Supply this week was led by Anheuser-Busch InBev Worldwide Inc.’s $15.5 billion six-part sale of fixed-rate notes on Thursday.

Looking ahead to the upcoming week, market sources predict about $30 billion to $35 billion of new high-grade bond volume.

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