April 29, 2024 12:34 GMT
Boeing 6Pt Issuance Tempers Tsy Bid
PIPELINE
If the return of Boeing with today's 6-tranche issuance is anywhere near the $25B issued in April 2020, rate lock hedging should temper today's bid in rates.
- Date $MM Issuer (Priced *, Launch #)
- 4/29 $Benchmark Boeing 6pt: 3Y +180a, 5Y +200a, 7Y +210a, 10Y +225a, 30Y +250a, 40Y +265a. For reference: Boeing is number 8 on the list of largest corporate issuance with $25B on April 30, 2020 over 7 tranches: $3B 3Y +425, +450: $3.5B 5Y, $2B 7Y, $4.5B 10Y and $5.5B 30Y, $3B 20Y +440, $3.5B 40Y +462.5.
- 4/29 $Benchmark Kookmin Bank 3Y +85a, 5Y +95a
- 4/29 $Benchmark ADQ (Abu Dhabi Development Co) 5Y, 10Y investor calls
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