Nutrition & Biosciences, TD, JPMorgan, Duke, O’Reilly, Masco price; deal pipeline active

By Cristal Cody

Tupelo, Miss., Sept. 9 – High-grade issuers flooded the primary market for a second straight session on Wednesday with week-to-date post-holiday volume totaling about $40 billion.

Heading up Wednesday’s issuance, Nutrition & Biosciences, Inc. brought $6.25 billion of guaranteed senior notes (Baa3/BBB/BBB) in six tranches in a Rule 144A and Regulation S deal.

In financial supply, Toronto-Dominion Bank sold $2.25 billion of senior medium-term notes (Aa3/A) in two tranches.

Also, JPMorgan Chase & Co. priced $1 billion of green fixed-to-floating-rate notes due Sept. 16, 2024 (A3/BBB+/BBB+) over the day.

In other volume, Duke Energy Corp. priced $1 billion of senior notes (Baa1/BBB+) in two tranches.

O'Reilly Automotive, Inc. placed $500 million of senior notes due March 15, 2031 (Baa1/BBB) on Wednesday.

Masco Corp. priced $400 million of senior notes (Baa3/BBB/BBB-) in two tranches.

About $50 billion to $60 billion of deal volume is expected in the primary market this week following the Labor Day holiday.

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