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$1B Kommuninvest Priced; MS 3Pt, BofA 2Pt Guidance Updated

PIPELINE
  • Date $MM Issuer (Priced *, Launch #)
  • 04/19 $4B #Canadian Government Bond 5Y +11
  • 04/19 $1.25B #New Development Bank (NEWDEV) 3Y SOFR+125
  • 04/19 $1B *Kommuninvest WNG -3Y SOFR+27
  • 04/19 $Benchmark Morgan Stanley 3Y +80a, 6NC5 +145a, 11NC10 +165a
  • 04/19 $Benchmark Bank of NY Mellon, 4NC3 +130a, 11NC10 +165a
  • 04/19 $Benchmark Bank of America 6NC5 +148, 11NC10 +168.
  • (For context, while BoA has made sizable bond offerings in shorter maturities in the past, the last time the bank offered similar tranches are: $8.75B on April 21, 2022: Bank of America 4pt $2B 3NC2 +115, $500M 3NC2 SOFR+110, $2.25B 6NC5 +140, $4B 11NC10 +165; again in November '22: $2B *Bank of America 6NC5 +182)
  • Rolled to Thursday's order of business:
  • 04/20 $Benchmark Japan Finance for Municipalities (JFM) 5Y SOFR+81a

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