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Earnings Cycle Sidelining Issuers

PIPELINE

Well off last week's pace only $5.3B Priced Tuesday. Expect surge in issuance as stocks work through current earnings cycle.

  • Date $MM Issuer (Priced *, Launch #)
  • 04/26 $1.3B *Anthem Inc $600M 10Y +135, $700M 30Y +170
  • 04/26 $1.2B *Cintas Corp $400M 3Y +75, $800M 10Y +125
  • 04/26 $1B *Kommuninvest 3Y SOFR+25
  • 04/25 $1B *ST Engineering $700M 5Y +68, $300M 10Y +105
  • 04/26 $800M *SVB Fncl $350M 6NC5 +155, $450M 11NC10 +180
  • 04/26 $500M Development Bank of Kazakhstan 3Y investor calls
  • 04/25 $Benchmark American Express investor calls

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