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Potential Pfizer Multi-Tranche Jumbo Today, $25-30B Estimate

PIPELINE
  • Date $MM Issuer (Priced *, Launch #)
  • 05/16 $Benchmark CADES 5Y SOFR+45 (books over $5B)
  • 05/15 $Benchmark Saudi Arabia Sukuk 6Y +80, 10Y +100
  • 05/16 $Benchmark COE Development Bank 3Y SOFR+24a
  • 05/16 $Benchmark JICA (Japan Int Coop Agcy) 5Y SOFR+76 (book >$3B)
  • 05/?? Pfizer multi-tranche (2-40Y) investor calls yesterday re: $43B Seagen deal financing, jumbo offering could top $25-30B est as early as today.
  • $17.75B Priced Monday
  • 05/15 $2.5B *Florida Power & Light $500M 3Y +80, $750M 5Y +95, $500M 7Y +115, $750M 10Y +130
  • 05/15 $2B *Toyota Motor Cr $1B 3Y +80, $300M 3Y SOFR+89, $700M 7Y +110
  • 05/15 $2B *State Street $1B 3NC2 +110, $1B 11NC10 +165
  • 05/15 $1.75B *Westpac 5Y SOFR+92
  • 05/15 $1.75B *BGK 10Y +190
  • 05/15 $1.5B *Southern Co $750M 5Y +143, $750M 10Y +173
  • 05/15 $1.5B *FMC Corp $500M 3Y +150, $00M 10Y +215, $500M 30Y +255
  • 05/15 $1.4B *LKQ $800M 5Y +235, $600M 10Y +285
  • 05/15 $1.2B *PacifiCorp 31Y +165
  • 05/15 $900M *AES Corp 5Y +200
  • 05/15 $750M *Weyerhauser 3Y +120
  • 05/15 $500M *Eaton Corp 5Y +90

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