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Corporate Bond Roundup: $11B Intel Jumbo Leads 2023

PIPELINE

Total $37.45B high-grade corporate (domestic, foreign) US$ bond issuance priced Tuesday, Intel's $11B 7pt jumbo largest of the year so far, surpassing Saudi Arabia's $10B jumbo from Jan 10. After a slow start, February issuance up to $61.1B already.

  • Date $MM Issuer (Priced *, Launch #)
  • 02/07 $11B *Intel $1.5B 3Y +75, $1.75B 5Y +105, $1.25B 7Y +135, $2.25B 10Y +155, $1B 20Y +175, $2B 30Y +195, $1.25B 40Y +215
  • 02/07 $5.5B *PIF (sovereign wealth fund) $1.75B 7Y +115, $2B 12Y +145, $1.75B 30Y +185
  • 02/07 $5B *EIB 10Y SOFR+48
  • 02/07 $5B *World Bank (IBRD) 7Y SOFR +47
  • 02/07 $3.5B *Export Development bank Canada (EDC) 5Y SOFR+39
  • 02/07 $2B *CDP Financial 3Y +58
  • 02/07 $1.75B *Swedish Export Bank (SEK) 7Y SOFR +46
  • 02/07 $1.5B *Starbucks $1B 3Y +68, $500M 10Y +115
  • 02/07 $1.2B *Vodafone $700M 30Y +195, $500M 40Y +210
  • 02/07 $1B *Comcast WNG 10Y +100

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