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Banks Crowd Funding Market, $4B Wells Fargo Leads

PIPELINE

At least $19.75B to price Thursday, still waiting for NatWest and two sovereigns to launch: Nigeria and Turkey.

  • Date $MM Issuer (Priced *, Launch #)
  • 03/17 $4B #Wells Fargo 6NC5 +137.5
  • 03/17 $3.5B *Bank of America $3B 4NC3 +123, 4NC3 SOFR +133
  • 03/17 $3B #Toyota Motor $1.2B 2Y +60, $400M 2Y SOFR+62, $1.4B 5Y +90
  • 03/17 $2.75B #Banco Santander $1.25B 3Y +135, $1.75B 6NC5 +200
  • 03/17 $1.5B #NextEra Energy $1.1B 2NC.5 +100, $400M 2NC.5 SOFR+102
  • 03/17 $1.5B #Royal Bank of Canada 5Y SOFR+65
  • 03/17 $900M *Blackstone Private Cr Fund 3Y +260
  • 03/17 $600M #Southwest Gas 10Y +190
  • 03/17 $Benchmark NatWest 3Y +135a, 3Y SOFR
  • 03/17 $Benchmark Nigeria 7Y around 8.75%
  • 03/17 $2B Turkey 5.5Y around 8.625%

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