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Starting to Launch, $3.5B HSBC Leads

PIPELINE

Starting to launch with Tsy 3Y note auction out of the way. Still waiting for tranche sizes on Intel and T-Mobile

  • Date $MM Issuer (Priced *, Launch #)
  • 08/10 $Benchmark Intel 5pt: 7Y +75a, 10Y +90a, 20Y +115a, 30Y +130a, 40Y +145a (Intel issued $8B over six tranches in March 2020: $1.5B 5Y +290, $1B 7Y +295, $1.5B 10Y +295, $750M 20Y +295, $2.25B 30Y +310, $1B 40Y from +340)
  • 08/10 $Benchmark T-Mobile 31Y +145a, Tap 11/15/60 +160a (T-Mobile issued $3.8B in March of this year: $1.2B 5NC2 2.625%, $1.25B 8NC3 3.375%, $1.35B 10NC5 3.5%)
  • 08/10 $Benchmark Moody's 10Y +105a, 20Y +115a
  • 08/10 $Benchmark PNC Financial 5Y +40a
  • 08/10 $Benchmark Universal Health 5Y +110a, 10Y +155a
  • 08/10 $3.5B #HSBC $1.5B 3NC2 fix/FRN +50, $2B 8NC7 fix/FRN +108
  • 08/10 $1.5B #Standard Chartered 7Y 4.3%
  • 08/10 $1B #Dominion Energy 10Y +92
  • 08/10 $650M #Eversource $350M 2Y FRN/SOFR+25, $300M 5Y +60
  • 08/10 $500M #Alleghany Corp 30Y +132

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