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Jumbo Apple Offering? Updated Guidance

PIPELINE

Colgate-Palmolive, Consumers Energy launch, still waiting on Apple 4pt issuance. Historical context, Apple is in the top 10 list of largest debt issuance in the past 10 year, issuing $17B over several tranches on April 30, 2013 (not to mention $8.5B in May 2004).

  • Date $MM Issuer (Priced *, Launch #)
  • 08/01 $Benchmark Apple 7Y +65a, 10Y +80a, 30Y +107a, 40Y +120a
  • 08/01 $1.5B #Colgate-Palmolive $500M each: 3Y +30, 5Y +45, 10Y +75
  • 08/01 $800M #Consumers Energy WNG $350M 10Y +100, $450M 30Y +125
  • 08/01 $Benchmark Edison International 2Y +165a, 3Y +195a
  • 08/01 $Benchmark Huntington Bancshares 6NC5 +200a
  • 08/01 $Benchmark State Street Corp 11NC10 +180a
  • 08/01 $Benchmark NY Life 3Y +78a
  • 08/01 $Benchmark UBS 3NC2, 5NC4, 11NC10

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