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High-Grade Debt Issuance Surge

PIPELINE
Surge in high-grade debt issuance after $14B priced Tuesday -- first since last Wednesday as market uncertainty kept issuers sidelined.
  • Date $MM Issuer (Priced *, Launch #)
  • 03/02 $850M Macy's 8NC3, 10NC5
  • 03/02 $700M Alabama Power WNG 10Y +145a
  • 03/02 $550M Nasdaq WNG 30Y +205a
  • 03/02 $Benchmark Crown Castle 5Y +145a
  • 03/02 $Benchmark John Deere 3Y fix/FRN, 5Y
  • 03/02 $Benchmark Republic of Chile 20Y +240a
  • 03/02 $Benchmark Nucor 10Y +155a, 30Y +190a
  • 03/02 $Benchmark Bank of Nova Sotia 5Y SOFR+60a
  • 03/02 $Benchmark Athene Global, 2Y fix/FRN, 5Y fix/FRN
  • 03/02 $Benchmark Exelon 5Y +135a, 10Y +175a, 30Y +210a
  • 03/02 $Benchmark Progressive 5Y +95a, 10Y +135a, 30Y +175a
  • 03/02 $Benchmark HCA Inc 5Y +165a, 7Y +190a, 10Y +210a, 20Y +245a, 30Y +260a
  • $14.4B Priced Tuesday
  • 03/01 $4B *American Expr $1.75B 3Y +80, $500M 3Y SOFR+93, $1.75B 5Y +100
  • 03/01 $3B *European Investment Bank 7Y SOFR +32
  • 03/01 $3B *Schwab $1.5B 5Y +90, $500M 5Y FRN/SOFR+105, $1B 10Y +120
  • 03/01 $2.5B *Capital One $1.25B 4NC3 +115, $1.25B 4NC3 FRN/SOFR, 8NC7 +160
  • 03/01 $1.15B *Duke Energy Carolinas $500M 10Y +115, $650M 30Y +145
  • 03/01 $750M *CME Group 10Y +98

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