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Merck 6Pt Debt Issuance Guidance Updated, Should Launch Shortly

PIPELINE
  • Date $MM Issuer (Priced *, Launch #)
  • 05/08 $Benchmark Merck 6Pt: 5Y +57, 7Y +82, 10Y +100, 21Y +102, 30Y +120, 40Y +135. For reference, Merck issued $8B over 5 tranches on December 7, 2021: $1.5B 5Y +45, $1B 7Y +50, $2B 10Y +70, $2B 30Y +95 and $1.5B 40Y +110
  • 05/08 $Benchmark Apple 5pt: 3NC1 +90a, 5Y +80a, 7Y +90a, 10Y +105a, 30Y +135a. For reference, Apple issued $5.5B debt on August 1, 2022: $1B 7Y +63, $1.5B 10Y +78, $1.75B 30Y +105, $1.25B 40Y +118
  • 05/08 $1B Ball Corp 6NC3 6%a
  • 05/08 $1B #Schlumberger Investment $500M 5Y +105, $500M 10Y +135
  • 05/08 $Benchmark Eversource Energy 3Y +105, 5Y +130, 10Y +162.5
  • 05/08 $Benchmark Caterpillar Financial 3Y +65 (drops 3Y SOFR leg)
  • 05/08 $Benchmark Bell Telephone of Canada 3NC1, 10Y
  • 05/08 $Benchmark T-Mobile 5Y +125a, 10Y +160
  • 05/08 $700M #Baltimore Gas WNG 30Y+158
  • 05/08 $Benchmark DTE Energy 5Y +162.5a

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