Goodrich Corp.'s (GR) $600 million bond has priced after increasing in size from an original $500 million, according to a person familiar with the matter.

It sold at 100 basis points over Treasurys. Guidance was in the range of 100 to 105 basis points over Treasurys.

The bond is rated Baa2/BBB+/BBB+.

A spurt of issuance in the high-grade market has investors vying to buy these deals and many are oversubscribed, said Patrick Sporl, a senior portfolio manager at American Beacon Advisors in Fort Worth, Texas.

"Investors definitely have more money than companies need," Sporl said. "All the deals are heavily oversubscribed."

More than $15 billion in new bonds have surfaced Wednesday, after $14 billion in issuances Tuesday.

Issuers Wednesday include American Express Credit Corp. with a $2 billion bond, Hewlett Packard with a $3 billion bond and Pacific G&E with a $550 million bond.

-By Anusha Shrivastava, Dow Jones Newswires; 212-416-2227; anusha.shrivastava@dowjones.com
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