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PIPELINE: US Banks Rolling Out New Debt Post-Earnings Annc

PIPELINE

US banks are quickly issuing new debt upon exiting earnings announcements. Expected to announce Friday: Citizens Financial, Truist Financial, Huntington Bancshares, and State Street Corp. Earning cycle picks up in earnest next week: KeyCorp, CSFB, Fifth Third and Capital One on Tuesday.

  • Date $MM Issuer (Priced *, Launch #)
  • 01/16 $1.5B #CABEI 3Y +70
  • 01/16 $1.5B #CDP Financial 5Y SOFR+60
  • 01/16 $1.25B #OKB 5Y SOFR+43
  • 01/16 $1B #Dexia 5Y SOFR+73
  • 01/16 $Benchmark Citigroup 11NC10 +160a
  • 01/16 $Benchmark Blue Owl Cr Income 2029 tap +200a
  • 01/16 $Benchmark JP Morgan 4NC3 fix/SOFR, 6NC5 +100a, 11NC10 +115a
  • 01/16 $1B Kommuninvest WNG 3Y SOFR+36
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US banks are quickly issuing new debt upon exiting earnings announcements. Expected to announce Friday: Citizens Financial, Truist Financial, Huntington Bancshares, and State Street Corp. Earning cycle picks up in earnest next week: KeyCorp, CSFB, Fifth Third and Capital One on Tuesday.

  • Date $MM Issuer (Priced *, Launch #)
  • 01/16 $1.5B #CABEI 3Y +70
  • 01/16 $1.5B #CDP Financial 5Y SOFR+60
  • 01/16 $1.25B #OKB 5Y SOFR+43
  • 01/16 $1B #Dexia 5Y SOFR+73
  • 01/16 $Benchmark Citigroup 11NC10 +160a
  • 01/16 $Benchmark Blue Owl Cr Income 2029 tap +200a
  • 01/16 $Benchmark JP Morgan 4NC3 fix/SOFR, 6NC5 +100a, 11NC10 +115a
  • 01/16 $1B Kommuninvest WNG 3Y SOFR+36