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Corporate Credit Update

PIPELINE
Corporate supply ebbs ahead Wed's FOMC, $2.75B priced Monday: China Cinda commercial bank, Hanwha Life Korean insurance and supra-sovereign Pakistan. IG corporate credit CDX IG5 broadly higher most of the session reversed as stocks bounced off heavy losses late Monday, 57.945 -.495 vs. 60.859 high.
  • Date $MM Issuer (Priced *, Launch #)
  • 01/25 $Benchmark CDP Financial 5Y SOFR+39
  • $2.75B Priced Monday
  • 01/24 $1B *China Cinda 5Y +175
  • 01/24 $1B *Pakistan Sukuk 7Y 7.95%
  • 01/24 $750M *Hanwha Life 10NC5 +185

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