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Issuers Back In Calmer, Post-FOMC Environment

PIPELINE

High-grade corporate bond issuers are coming back after nearly two week hiatus due to market volatility tied to regional banks. First names below could be large (UNH issued $9B over 7 tranches back on October 25). Expect more to follow while rate lock hedges could be a factor keeping Treasury and SOFR futures from rallying too far.

  • Date $MM Issuer (Priced *, Launch #)
  • 03/23 $Benchmark United Health +5Y +115a, 10Y +145a, 30Y +175a, 40Y +190a
  • 03/23 $Benchmark Prologis 10Y +170a, 30Y +190a
  • 03/23 $Benchmark Medtronic 5Y +120a, 10Y +145a
  • 03/23 $Benchmark MarriottInt 6Y +205a
  • 03/23 $Benchmark Nutrien 5Y +180a, 30Y +245a
  • 03/23 $Benchmark Public Service E&G 10Y +155a, 30Y +175a

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