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$4B KFW, $2B AIIB Both Priced, $2B Israel 10Y Launched; Saudi Updated

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Book for Saudi 3Pt issuance over $20B, rate locks and spec-tied selling said to be weighing on Tsys. Short end hedging includes pre-auction short sets ahead $40B 3Y Note auction at top of the hour.

  • Date $MM Issuer (Priced *, Launch #)
  • 01/10 $4B *KFW 5Y SOFR+40
  • 01/10 $2B *AIIB 5Y SOFR+64
  • 01/10 $2B #Israel 10Y +95
  • 01/10 $2.5B #SK Hynix $750M 3Y +240, $1B 5Y +275, $750M 10Y +310
  • 01/10 $1B CDC (Caisse des Depots) 3Y SOFR+46a
  • 01/10 $1B Venture Global 7NC
  • 01/10 $Benchmark Saudi Arabia 5Y +110, 10.5Y +140, 30Y +210 (book>$20B)
  • 01/10 $Benchmark American Honda 3Y +110a, 3Y SOFR, 5Y +130a
  • 01/10 $Benchmark Deutsche Bank 6NC5 +300
  • 01/10 $Benchmark CaixaBank 6NC5 +275a
  • 01/10 $Benchmark Macquarie Bank 10Y +350a
  • 01/10 $Benchmark BPCE 5Y +165a, 4NC3 +230a
  • 01/10 $Benchmark Export Bank of India 10Y +190
  • 01/10 $Benchmark Mongolia 5Y 8.95%a
  • Expected Wednesday:
  • 01/11 $Benchmark Kommunalbanken 5Y SOFR+58a
  • 01/11 $1B OKB 3Y SOFR+39a

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