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British Telecom, ConEd NY, Duke Realty, SBL price; Alberta sells $2.25 billion notes
By Cristal Cody
Tupelo, Miss., Nov. 5 – High-grade issuance on Tuesday included new corporate and sovereign, supranational and agency supply.
British Telecommunications plc priced $1.5 billion of senior notes in two parts.
Consolidated Edison Co. of New York, Inc. sold $600 million of 40-year debentures.
Duke Realty LP priced a $400 million offering of 10-year green senior notes.
SBL Holdings LLC also brought $400 million of seven-year senior notes to the primary market.
In addition, the Province of Alberta sold $2.25 billion of five-year registered global notes on Tuesday.
About $10 billion of bonds priced on Monday, buoyed by renewed confidence in global trade with China, sources report.
Investment-grade supply is expected to reach the $25 billion to $30 billion area over the week.
November volume is forecast to total in the $90 billion to $100 billion range, according to syndicate sources.
So far, week to date volume has been led by Shell International Finance BV’s $4 billion three-tranche deal that priced Monday.
Shell’s bonds traded about 1 basis point to 3 bps tighter in the secondary market, a source said.
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