January 17, 2025 18:41 GMT
PIPELINE: Corporate Bond Issuance Roundup: $10B BoA 5Pt Lauched
PIPELINE
Surprise $10B Bank of America 5pt debt issuance launched recently - rate locks contribute to today's sell pressure in rates. Note, BoA supply is the largest since January 6 when Saudi Arabia issued $12B over 3 tranches.
- Date $MM Issuer (Priced *, Launch #)
- 01/17 $10B #Bank of America $2.5B 4NC3 +65, $750M 4NC3 SOFR+83, $2.75B 6NC5 +75, $500M 6NC5 SOFR+101, $11NC10 +90
- 01/17 $1B *Kommuninvest WNG 3Y SOFR+34
- 01/17 $1B #Saskatchewan WNG 5Y SOFR +56
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