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Bristol-Myers Squibb 7Pt Jumbo Leads Surge In Issuance

PIPELINE
  • Date $MM Issuer (Priced *, Launch #
  • 11/09 $Benchmark Bristol-Myers Squibb 7pt: 3NC1 +55a, 3NC1 FRN, 5Y +60a, 7Y +70a, 10Y +80a, 20Y +95a, 30Y +115a. Last multi-tranche jumbo issue from Bristol-Myers: total $19B in 9-parts on May 7, 2019: $750M 1.5Y +20, $1B 2Y +35, $1.5B 3Y fix +45, $500M 3Y FRN L+38, $3.25B 5Y +73, $2.25B 7Y +90, $4B 10Y +105, $2B 20Y +30, $3.75B 30Y +145.
  • 11/09 $600M Entergy LA 10Y +95a, Tap 2.9% +120a
  • 11/09 $600M Consolidated Edison 40Y +155a
  • 11/09 $Benchmark Vereit +7Y +220a, 12Y +245a
  • 11/09 $Benchmark Republic Srvcs 5Y +70a, 11Y +105a
  • 11/09 $Benchmark Caterpillar 5Y +60a, (adds to $2B issued on May 12 and Jan 9)
  • 11/09 $Benchmark Morgan Stanley 3NC2, 11.25NC10.25
  • 11/09 $Benchmark Westpac 15NC10, 20Y
  • 11/09 Allianz PNC 5.4Y investor call

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