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PIPELINE: Dealers Make Up Near 75% of Thu's $33B Corporate Issuance

PIPELINE

Surprisingly large $8B multi-tranche issuance each from Morgan Stanley and JP Morgan as well as $6B Wells Fargo makes up nearly 75% of today's $33.15B total issuance, total for the week at $69.8B.

  • Date $MM Issuer (Priced *, Launch #)
  • 01/16 $8B #Morgan Stanley 2B 4NC3 +72, $500M 4NC3 SOFR+90, $2.5B 6NC5 +85, $3B 11NC10 +100
  • 01/16 $8B #JP Morgan $2B 4NC3 +62, $750M 4NC3 SOFR+80, $2.5B 6NC5 +75, $2.75B 11NC10 +90
  • 01/16 $6B #Wells Fargo $2.35B 3NC2 SOFR+67, $650M 3NC2 SOFR+78, 6NC5 +85 $3B +85
  • 01/16 $3B #Citigroup 11NC10 +143
  • 01/16 $1.9B #Goldman Sachs PerpNC5 6.85%
  • 01/16 $1.5B #CABEI 3Y +70
  • 01/16 $1.5B *CDP Financial 5Y SOFR+60
  • 01/16 $1.25B *OKB 5Y SOFR+43
  • 01/16 $1B #Dexia 5Y SOFR+73
  • 01/16 $1B Kommuninvest WNG 3Y SOFR+36
  • Expected Friday
  • 01/17 $1B Saskatchewan WNG 5Y SOFR +60a
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Surprisingly large $8B multi-tranche issuance each from Morgan Stanley and JP Morgan as well as $6B Wells Fargo makes up nearly 75% of today's $33.15B total issuance, total for the week at $69.8B.

  • Date $MM Issuer (Priced *, Launch #)
  • 01/16 $8B #Morgan Stanley 2B 4NC3 +72, $500M 4NC3 SOFR+90, $2.5B 6NC5 +85, $3B 11NC10 +100
  • 01/16 $8B #JP Morgan $2B 4NC3 +62, $750M 4NC3 SOFR+80, $2.5B 6NC5 +75, $2.75B 11NC10 +90
  • 01/16 $6B #Wells Fargo $2.35B 3NC2 SOFR+67, $650M 3NC2 SOFR+78, 6NC5 +85 $3B +85
  • 01/16 $3B #Citigroup 11NC10 +143
  • 01/16 $1.9B #Goldman Sachs PerpNC5 6.85%
  • 01/16 $1.5B #CABEI 3Y +70
  • 01/16 $1.5B *CDP Financial 5Y SOFR+60
  • 01/16 $1.25B *OKB 5Y SOFR+43
  • 01/16 $1B #Dexia 5Y SOFR+73
  • 01/16 $1B Kommuninvest WNG 3Y SOFR+36
  • Expected Friday
  • 01/17 $1B Saskatchewan WNG 5Y SOFR +60a