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Foreign Banks Drive Early US$ Issuance

PIPELINE
  • Date $MM Issuer (Priced *, Launch #)
  • 2/26 $Benchmark HSBC 3Y +100a, 3Y SOFR
  • 2/26 $Benchmark SMFG PerpNC10.25
  • 2/26 $Benchmark Agence Francaise de Developpement (AFD) 5Y +55a
  • 2/26 $Benchmark Dubai Islamic Bank (DIB) Sukuk 5Y +125a
  • 2/26 $Benchmark Public Investment Fund (PIF) Saudi Arabia wealth fund Sukuk 7Y
  • $6.9B Priced Friday, $73.15B/wk - well over $50B estimate
  • 2/23 $6.9B #Solventum Corporation $1B 3Y +100, $1.5B 5Y +115, $1B 7Y +120, $1.65B 10Y +135, $1.25B 30Y +155, $500M 40Y +165
  • 2/23 $Benchmark Potomac Electric Power investor calls
  • 2/23 $Benchmark KeyCorp investor calls

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