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$5B HSBC Launched; Updated Guidance UnitedHealth

PIPELINE
  • Date $MM Issuer (Priced *, Launch #)
  • 05/17 $5B #HSBC $2B 4NC3 +65, $3B 11NC10 +117
  • 05/17 $1.25B National Australia Bank (NAB) 10Y +135
  • 05/17 $1B #Nordea 3Y +30
  • 05/17 $Benchmark UnitedHealth 3NC1 +30a, 5Y +40a, 10Y +70a, 20Y +85a, 30Y +95a. A year ago, almost to the day, UNH issued $5B over 5 tranches on May 13, 2020: $500M 5Y +100, $1.25B 10Y +145, $1B 20Y +160, $1.25B 30Y +170, $1B 40Y +190
  • 05/17 $Benchmark Air Lease 5Y +120
  • 05/17 $Benchmark CNH Industrial 5Y +80a
  • 05/17 $Benchmark Union Pacific 10Y +75a, 20Y +95a, 40Y+120a
  • Later in the week:
  • 05/18 $Bnchmrk Caisse d'Amortissement de la Dette Sociale (CADES) 3Y +4a
  • 05/18 $Benchmark Caisse de depot et placement du Québec (CDPQ) 5Y +12a
  • 05/18 $Benchmark World Bank 5Y +2a
  • 05/?? $2B Square $1B 5Y, $1B 10Y

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