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John Deere 4Pt Just the Start?

PIPELINE
  • Corporate bond issuance surging after a slow start to the month, many interested parties sidelined into the debt ceiling impasse. Back on May 23, John Deere filed prospectus to issue $36B in medium-term notes. While the size of today's 4pt issuance has not been announced yet, it seems likely there will be additional tranches offered with longer duration in the near future.
  • Date $MM Issuer (Priced *, Launch #)
  • 06/05 $Benchmark Deere Capital 2Y +70a, 3Y +85a, 3Y SOFR, 7Y +115a
  • 06/05 $1B MuniFin 2027 SOFR+45a
  • 06/05 $Benchmark ANZ Bank 3Y SOFR+75a
  • 06/05 $Benchmark BNP Paribas 6NC5 +170a
  • 06/05 $Benchmark Burlington Northern 30Y +155a
  • 06/05 $Benchmark Northwestern Mutual 5Y +130a
  • 06/05 $Benchmark Dollar General 5Y +150a, 10Y 90a
  • 06/05 $Benchmark HP Enterprise 2024 Tap +125a, 5Y +155a
  • 06/05 $Benchmark Capital One 6NC5 +275a, 11NC10 +290a
  • 06/05 $Benchmark Truist Financial 4NC3 +215a, 11NC10 +200a
  • 06/05 $Benchmark Macquarie 3Y +125a, 3Y SOFR, 11NC10 +225a
  • 06/05 $Benchmark Bank of Nova Scotia 2Y +125a, 2Y SOFR, 5Y +170a
  • 06/05 $Benchmark RENTEN (Landwirtschaftliche Rentenbank) 5Y SOFR+36a
  • 06/05 $Benchmark ADB {Asian Development Bank) 2Y SOFR+24a, 10Y SOFR+50a

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