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Late Session Issuance Nears $8B

PIPELINE
Flurry of late session supply launches (near $8B) generating some two-way trade in second half, still waiting for Toyota Motor Cr, ADB, Korea National Oil and GCC.
  • Date $MM Issuer (Priced *, Launch #)
  • 01/10 $Benchmark ADB 5Y SOFR+24a
  • 01/10 $2B #BP Capital 10Y +95
  • 01/10 $1.2B #Southern California Edison $500M 10Y +98, $700M 30Y +135
  • 01/10 $1.5B #Dick's Sporting $750M 10Y +140, $750M 30Y +200
  • 01/10 $1.15B #Blackstone Private Cr Fund $500M 3Y +150, $650M 7Y +240
  • 01/10 $Benchmark Toyota Motor Cr 3Y +45a, 3Y SOFR, 5Y +55a, 10Y +85a
  • 01/10 $2.05B #BPCE $850M 3Y +55, $400M 3Y SOFR+57, $800M 15NC10 +190
  • 01/10 $Benchmark Korea National Oil 3.25Y +60, 5.25Y +70, 10.25Y +90
  • 01/10 $500M GCC WNG +10Y +210a
  • 01/10 $Benchmark investor calls: Prosus (US$/EUR multi-tranche); Coca Cola Icecek 7Y, Abu Dhabi Sweihan Power
  • Rolled to Tuesday:
  • 01/11 $Benchmark KFW 3Y +13a

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