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$2B BMW Leads Monday Issuance; Waiting For Lowe's

PIPELINE
  • Date $MM Issuer (Priced *, Launch #)
  • 03/29 $2B #BMW US $750M 3Y +50, $750M 3Y FRN SOFR+53, $500M 10Y +87.5 (BMW US issued $4B last year on April 6: $1.5B 3Y, $1.5B 5Y, $1B 10Y each +350)
  • 03/29 $1B *Duke Energy Carolinas $550M 10Y +85, $450M 30Y +105
  • 03/29 $925M #Burlington Northern Santa Fe 30Y +87.5
  • 03/29 $700M *Korea National Oil $400M 5Y +52.5, $300M 10Y +75
  • 03/29 $500M #Kohl's 10Y +167
  • 03/29 $Benchmark Lowe's 10Y +90a, 30Y +107a
  • 03/29 $Benchmark Ghana 4Y 0% coupon, 8Y 8%a, 13Y 9%a, 21Y 9.5%a
  • 03/29 $Benchmark Bahrain Nogaholding 8Y Sukuk
  • 03/29 $200M #Maldives 5Y Sukuk 10.5%
  • Expected Tuesday:
  • 03/30 $Benchmark Dexia Credit 5Y +16a

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