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Home Depot 5Pt Jumbo on Tap

PIPELINE

Shares of Home Depot (A2/A rated), have been under pressure the last week, trading from appr 340.0 to 316.0 (415.0 at start of the year) amid increased competition from Lowe's. Last time Home Depot issued debt two instances of $3B each in 2021.

  • Date $MM Issuer (Priced *, Launch #)
  • 03/24 $Benchmark Home Depot 5pt: 3Y fix/FRN, 5Y +90a, 10Y +130a, 30Y +155a
  • 03/24 $Benchmark DNB Bank 3NC2 fix/FRN
  • $5.9B Priced Wednesday; $40.425B/wk
  • 03/23 $1.5B *Standard Chartered $1B 4NC3 +165, $500M 4NC3 SOFR+174
  • 03/23 $1.5B *Ford Motor Cr 5Y 4.95%
  • 03/23 $1.3B *Global Chem $1B 10Y +215, $300M 30Y +270
  • 03/23 $1B *L-Bank 3Y SOFR+29a
  • 03/23 $600M *KEB Hana Bank 5Y +92.5

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