Corporate Bond Floodgates Open Wide (IBM, JNJ, DELL, HD, AGN, AXP, ATK, AON, HPQ, MHS, HSP, HCN, PH, GR, USB, BRK.B, FTE, CM)

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Dell Inc. (NASDAQ: DELL) sold $1.5 billion in 3-Year notes at +70/Treasuries, 5-Year year notes at +90/Treasuries, and a 30-Year at +175/T-Bonds.

Home Depot Inc. (NYSE: HD) showed a $1 billion offering: 10-Year notes at +135/Treasuries for 3.95% in senior notes and 30-Year senior notes at +175/T-Bonds for 5.40%.

Allergan Inc. (NYSE: AGN) sold a $650 million 10-year note at +80/Treasuries at a slight discount to PAR for a yield of only 3.411%.

Hospira Inc. (NYSE: HSP) issued a $500 million 30-year bond which already got a BBB+ rating from S&P as a redemption issue for its 5.55% notes due in 2012.

Health Care Reit Inc. (NYSE: HCN) sold $450 million in 7-year notes for 4.70% due Sept. 15, 2017 at a slight discount to PAR to yield just under 4.75%.

Aon Corporation (NYSE: AON) sold $1.5 billion in notes to help it close the Hewitt Associates deal (rates are coupons, not yield): $600 million 5-Year notes at 3.50%; $600 million in 10-Year notes at 5.00%; and $300 million 30-Year bonds at 6.25%.

Alliant Techsystems Inc. (NYSE: ATK) commenced a public offering of $300 million senior 10-Year notes, with approximately $280 million to fund its redemption of all its outstanding 2.75% convertible subordinated notes due 2024 and any remaining net proceeds for general corporate purposes. It also plans to refinance its credit facilities with a 5-Year senior credit facility of up to $1 billion.

Canadian Imperial Bank of Commerce (NYSE: CM) sold $1.5 billion in 3-Year notes at +75 basis points over Treasuries.  France Telecom (NYSE: FTE) sold some $750 million in 5-year notes between 80 and 85 basis points over Treasuries.

Berkshire Hathaway Inc. (NYSE: BRK.B) boosted its Burlington Northern Santa Fe issue from $500 million to $750 million per Bloomberg figures.  The $250 million in 10-year notes apparently went off 100/Treasuries at 3.61% and $500 million in 30-Year bonds went off at +140/T-bonds at 5.07%.