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Intel 5Pt Jumbo Today

PIPELINE

Rate-lock hedging and spec sales weighing on Tsys after Intel jumbo annc'd, T-Mobile returns as well:

  • Date $MM Issuer (Priced *, Launch #)
  • 08/10 $Benchmark Intel 5pt: 7Y +75a, 10Y +90a, 20Y +115a, 30Y +130a, 40Y +145a (Intel issued $8B over six tranches in March 2020: $1.5B 5Y +290, $1B 7Y +295, $1.5B 10Y +295, $750M 20Y +295, $2.25B 30Y +310, $1B 40Y from +340)
  • 08/10 $Benchmark T-Mobile 31Y +160a, Tap 11/15/60 +175a (T-Mobile issued $3.8B in March of this year: $1.2B 5NC2 2.625%, $1.25B 8NC3 3.375%, $1.35B 10NC5 3.5%)
  • 08/10 $Benchmark Standard Chartered 7Y 4.75%
  • 08/10 $Benchmark HSBC 3NC2 fix/FRN 70a, 8NC7 fix/FRN +130a
  • 08/10 $Benchmark PNC Financial 5Y +55a
  • 08/10 $Benchmark Dominion Energy 10Y +115a

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