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New Year Corporate Debt Issuance Surge

PIPELINE

High-grade debt issuance: $24.45B Priced Tuesday; total $36.2B for week

  • Date $MM Issuer (Priced *, Launch #)
  • 01/04 $4.75B *National Australia Bank (NAB) $1.25B 3Y +38, $500M 3Y FRN/SOFR+38, $1.25B 5Y +53, $500M 5Y FRN/SOFR+65, $1.25B 15NC10 +170
  • 01/04 $4.1B *Mexico $2.2B 12Y +190, $1.9B 30Y +235
  • 01/04 $3B *Deutsche Bank $1.75B 6NC5 +120, $1.25B 11NC10 +210
  • 01/04 $3B *UBS Group $1.5B 11NC10 +110, $1.5B 21NC20 +110
  • 01/04 $1.6B *Athene $850M 3Y+70, $300M 3Y SOFR+71.5, $450M 7Y +115
  • 01/04 $1.3B *UBS $1B 3Y +45, $300 3Y FRN/SOFR+47
  • 01/04 $2.5B *Nomura $1.25B 5Y +97, $500M 7Y +115, $750M 10Y +135
  • 01/04 $1.8B *John Deere $500M 2Y +15, $800M 3Y +25, $500M 5Y +35
  • 01/04 $1.25B *Credit Agricole 5Y +65
  • 01/04 $1B *Santander UK 6NC5 fix/FRN +110
  • 01/04 $600M *Principal Life Global Fndng 3Y +47
  • 01/04 $550M *Northwest Mutual, 5Y +40
  • 01/05 $Benchmark Banco de Brasil investor call Tuesday

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