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PIPELINE: $32.85B Corporate Bond Roundup

PIPELINE
BulletMarketsFixed Income Bullets

Backlog of $32.85B corporate debt to price Tuesday - the largest one-day of issuance since September 4 when $35.45B priced. 

  • Date $MM Issuer (Priced *, Launch #)
  • 11/12 $4.75B #HSBC $1.5B 4NC3 +83, $500M 4NC3 SOFR+104, $2.25B 6NC5 +98, $500M 6NC5 SOFR+129
  • 11/12 $1.75B #HSBC 11NC10 Tier 2 +145
  • 11/12 $4.25B #Citigroup $2.2B 3NC2 +53, $800M 2NC2 SOFR, $1.25B 10NC5 +128
  • 11/12 $3.5B #Republic of South Africa $2B 12Y 7.1%, $1.5B 30Y 7.95%
  • 11/12 $3.5B #BNP Paribas $1.75B 6NC5 +98, $1.75B 11NC10 +148
  • 11/12 $3B #Goldman Sachs 21NC20 +85
  • 11/12 $3B #Westpac $750M -2Y +28, $750M -2Y SOFR+46, $1.5B 11NC10 +120
  • 11/12 $2.45B #Mercedes-Benz $600M 2Y +50, $700M 3Y +63, $550M 3Y SOFR+85, $600M 5Y +80
  • 11/12 $2.3B #Caterpillar $450M 3Y +32, $950M 3Y SOFR+56, $900M 5Y +42
  • 11/12 $1.75B #Huntington Bancshares $1.15B 6NC5 +95, $600M 15NC10 +170
  • 11/12 $1.5B #Societe Generale $1.1B 2.25Y +92, $400M 2.25Y SOFR+110
  • 11/12 $600M *Otis Worldwide 7Y +75
  • 11/12 $500M #Equitable Financial Life Global 3Y +58
  • 11/12 $Benchmark Republic of South Africa 12Y 7.4%a, 30Y 8.25%a
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Backlog of $32.85B corporate debt to price Tuesday - the largest one-day of issuance since September 4 when $35.45B priced. 

  • Date $MM Issuer (Priced *, Launch #)
  • 11/12 $4.75B #HSBC $1.5B 4NC3 +83, $500M 4NC3 SOFR+104, $2.25B 6NC5 +98, $500M 6NC5 SOFR+129
  • 11/12 $1.75B #HSBC 11NC10 Tier 2 +145
  • 11/12 $4.25B #Citigroup $2.2B 3NC2 +53, $800M 2NC2 SOFR, $1.25B 10NC5 +128
  • 11/12 $3.5B #Republic of South Africa $2B 12Y 7.1%, $1.5B 30Y 7.95%
  • 11/12 $3.5B #BNP Paribas $1.75B 6NC5 +98, $1.75B 11NC10 +148
  • 11/12 $3B #Goldman Sachs 21NC20 +85
  • 11/12 $3B #Westpac $750M -2Y +28, $750M -2Y SOFR+46, $1.5B 11NC10 +120
  • 11/12 $2.45B #Mercedes-Benz $600M 2Y +50, $700M 3Y +63, $550M 3Y SOFR+85, $600M 5Y +80
  • 11/12 $2.3B #Caterpillar $450M 3Y +32, $950M 3Y SOFR+56, $900M 5Y +42
  • 11/12 $1.75B #Huntington Bancshares $1.15B 6NC5 +95, $600M 15NC10 +170
  • 11/12 $1.5B #Societe Generale $1.1B 2.25Y +92, $400M 2.25Y SOFR+110
  • 11/12 $600M *Otis Worldwide 7Y +75
  • 11/12 $500M #Equitable Financial Life Global 3Y +58
  • 11/12 $Benchmark Republic of South Africa 12Y 7.4%a, 30Y 8.25%a