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$20.85B High-Grade Issuance, Supra-Sovereign Focus

PIPELINE

$20.85B total priced between Tue-Thu, largely driven by supra-sovereigns, domestic names absent. Denmark short duration issue likely next week.

  • Date $MM Issuer (Priced *, Launch #)
  • 10/16 $Benchmark China Minsheng Banking 3Y FRN, L+90a
  • 10/?? $Benchmark Denmark short duration bond
  • $2.55B Priced Thursday
  • 10/15 $900M *Bank of China Group Inv $400M 5Y +125, $500M 10Y +160
  • 10/15 $850M *Ag Bnk China, $500M 3Y+90, $350M 5Y+100
  • 10/15 $300M *Union Bank of Philippines 5Y +195
  • 10/15 $500M *COFCO (HK) 10Y +150

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