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Dealers Crowding Funding Mkt

PIPELINE
Dealers continue to crowd the high-grade issuance docket. Modest deal-tied rate locks around 3s-5s this morning. Tsys absorbing $36B 10Y note auction re-open as well.
  • Date $MM Issuer (Priced *, Launch #)
  • 01/12 $Benchmark Kommunalbanken Norway 5Y SOFR+27
  • 01/12 $Benchmark Royal Bank of Canada 3Y +55a, 3Y SOFR, 5Y +70a, 5Y SOFR
  • 01/12 $Benchmark BNP Paribas 6NC5 fix/FRN, 11NC10 fix/FRN
  • 01/12 $500M #JBIC WNG 5Y Green +33
  • 01/12 $Benchmark Hyundai 3Y, 5Y
  • 01/12 $Benchmark Florida Power & Light 2NC.5 fix/FRN, 10Y

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