Free Trial

Unexpectedly Large: $6B UNH, $6B Citigroup

PIPELINE
Heavy -- unexpectedly so for some issuance likely had an effect on rates around time Fed Chairman Powell discussed "won't hesitate" to raise rates above neutral if needed.
  • Date $MM Issuer (Priced *, Launch #)
  • 05/17 $6B #United Health $600M 5Y +75, $900M 7Y +105, $1.5B 10Y +125, $2B 30Y +160, $1B 40Y +180
  • 05/17 $6B #Citigroup $1.5B 3NC2 +145, $500M 3NNC2 SOFR, $1.5B 6NC5 +170, $2.5B 11NC10 +195
  • 05/17 $2.75B *Export Development Canada 5Y SOFR +34
  • 05/17 $1B #HSBC 2Y +105, 2Y SOFR+105
  • 05/17 $1B OKB 3Y SOFR+25
  • 05/17 $800M #Oncor Electric Delivery $400M 10Y +122, $400M 30Y +147
  • 05/17 $600M Motorola 10Y +265
  • 05/17 $500M RELX Capital 10Y +190
  • 05/17 $500M CNH Industrial Capital 3Y +125
  • 05/17 $Benchmark Japan Int Cooperation Agcy (JICA) 5Y SOFR+63a

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.