TD, Societe Generale, Roche, Hewlett Packard, Air Lease among issuers; Wabtec preps deal

By Cristal Cody

Tupelo, Miss., Sept. 10 – High-grade deal volume remained strong on Monday with nearly $9 billion of bonds priced over the session.

Toronto-Dominion Bank led the day’s primary action with a $2 billion two-part sale of senior medium-term notes.

Societe Generale SA came by to price $1.75 billion of senior medium-term notes in two tranches.

Roche Holdings, Inc. also tapped the primary market with a $1.4 billion two-tranche offering of senior notes.

Hewlett Packard Enterprise Co. sold $1.3 billion of senior notes in two parts.

Air Lease Corp. raised $1.2 billion in a two-part senior note deal.

In addition, Discover Bank priced $900 million of 10-year senior notes.

In other market activity on Monday, Westinghouse Air Brake Technologies Corp. (Wabtec) held fixed-income investor calls that will continue on Tuesday for a three-tranche offering of senior notes.

Also, Mitsubishi UFJ Lease and Finance Co. Ltd. (A3/A-/) began a roadshow and fixed-income investor calls for a $500 million Rule 144A- and Regulation S- eligible offering of five-year senior notes, according to a market source.

About $25 billion to as much as $40 billion of volume is forecast by syndicate sources for the week.

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