2020 Corporate Issuance Review: Record $2.196.5B

2020's Record $2.196.5B High-Grade Corporate Issuance Totals
Note, 2020 started off with a bang, jumbo issuance largely from domestic names pushed issuance to $1.4T by the end of June, surpassed 2019 total of $1.156T.

• Dec $52.24B; $796.54B Second half of 2020
• Nov $126.83B
• Oct $111.65B
• Sep $207.82B
• Aug $204.5B
• Jul $93.5B
• Jun $180.5B; Whopping $1.400T for first half of year,
• May $270.9B
• Apr $401.325B* one-month record
• Mar $275.48B
• Feb $107.5B
• Jan $165.18B
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• 12/18-31 No new high-grade issuance since December 15; running total for month remains $52.24B
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• 12/18-16 No new issuance Wed-Fri, $1.15B/wk
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• $750M Priced Tuesday
• 12/15 $750M *Berry Global 5Y +120
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• $1.4B Priced Monday
• 12/14 $1.4B *Microchip 3Y +80
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• $600M Priced Friday
• 12/11 $600M Ukraine 2033 Tap 6.2%
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• $1.5B Priced Thursday
• 12/10 $1.5B #HSBC Holdings PerpNC10 4.6%
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• $725M Priced Wednesday; $22.841B total/wk
• 12/09 $725M *Realty Income $325M 5Y +50, $400M 12Y +100
• 12/09 $Benchmark Lao People's Democratic Rep 5Y investor calls
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• $10.766B Priced Tuesday; December total $48.266B
• 12/08 $2.5B *Charles Schwab PerpNC10 4%
• 12/08 $2B *Charles Schwab $1.25B 5Y +53, $750M 10Y +75
• 12/08 $3B *Kingdom of Morocco $750M 7Y +175, $1B 12Y +200, $1.25B 30Y +4%
• 12/08 $1.5B *Occidental Petroleum $750M 5Y 5.5%, $1.25B 10Y 6.12%
• 12/08 $1.266B *Dominican Republic 2032 Tap 4.1%
• 12/08 $500M *CBOE 10Y +78
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• $11.35B Priced Monday
• 12/07 $2.5B *Morgan Stanley 6NC5 +60
• 12/07 $2B *Societe Generale 6NC5 +110
• 12/07 $2B *CVS $750M 2027 Tap +67, $1.25B +10Y +95
• 12/07 $1.35B *CIBC $750M 3Y +32, $600M 3Y FRN SOFR+40
• 12/07 $1.1B *KeyBank $750M 3NC2 fix/FRN +28, $350M 3NC2 FRN to SOFR+34
• 12/07 $1.9B *NASDAQ $600M 2NC1 +30, $650M 10Y +75, $650M 20Y +80
• 12/07 $500M *Codelco WNG 30Y +148
• 12/07 $Benchmark Charles Schwab investor call
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• $2.5B Priced Friday, $26.15B for week
• 12/04 $2.5B *Goldman Sachs $2.2B 6NC5 fix +67, $300M 6NC5 FRN SOFR+79
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• $8.6B Priced Thursday; $23.65B/wk
• 12/03 $1.5B *Barclays 4NC3 +80
• 12/03 $1.5B *Citigroup PerpNC5, 4.0%
• 12/03 $1.5B *BMO $900M 3Y +27, $600M 3Y FRN SOFR+35
• 12/03 $1B *FS KKR Capital 5Y +325 *upsized from $400M
• 12/03 $1B *Seagate Tech $500M 8.6NC3 3.12%, $500M 10.6NC5 3.37%
• 12/03 $800M *Juniper Networks 5Y +80a, 10Y +115a
• 12/03 $750M *National Bank of Canada 4NC3 +40
• 12/03 $550M *AIG Global 3Y +28
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• $7.65B Priced Wednesday
• 12/02 $2.75B *Philippines $1.25B 10.5Y +70, $1.5B 25Y 2.65%
• 12/02 $2.5B *Brazil R/O $500M 5Y 2.2%, $1.25B 10Y 3.45%, $750M 30Y 4.5%
• 12/02 $1.5B *Credit Suisse PerpNC 10Y 4.5%
• 12/02 $900M *Calpine 10.5NC5.25 3.75%
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• $7.4B Priced Tuesday
• 12/01 $1.5B *Prosus 30Y +215
• 12/01 $1.5B *BP Capital Mkts Am, 30Y +125
• 12/01 $1.5B *KBN (Kommunalbanken Norway) 3Y +4
• 12/01 $900M *Virginia Electric & Power 30Y +85
• 12/01 $900M *Southern California Edison 1Y L+37
• 12/01 $600M *Principal Life Global 3Y +30
• 12/01 $500M *CSX Corp WNG +30Y +85