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July high-grade issuance finally kicks.....>

PIPELINE
PIPELINE: July high-grade issuance finally kicks off with some financial names
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #
07/06 $Benchmark Nomura Holdings 5Y +180a, 10Y +230a
07/06 $Benchmark Mizuho 4NC3 +130a
07/06 $Benchmark Shinahan Financial 5.5Y covid-bond +145a
07/06 $Benchmark KFW 5Y +17a
Later in week:
07/07 $Benchmark ADB 3Y +11a
--
07/01-07/02 No high-grade supply late last wk. Whopping $1.420T for first half
of year, setting record high. $180.5B total for June
06/30 $1.5B *EBRD 3Y +7
06/30 $1B *SocGen $500M each 5Y +115, 15NC10 +300
06/30 $1B *Mondelez 2Y +48
06/30 $750M *Weibo 10Y +280
06/30 $400M *Guardian Life 7Y +93

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