May 20, 2024 12:43 GMT
US$ Corporate Debt Weighing on Tsys
PIPELINE
Flurry of new issuance, rate lock hedges likely contributing to Tsys extending lows in early NY trade. Conservative estimated issuance on day at $12.5B.
- Date $MM Issuer (Priced *, Launch #)
- 5/20 $2.35B Staples 5.25NC2.25 10.5%a
- 5/20 $Benchmark Elevance Health 5Y +100a, 10Y +120a, 30Y +135a
- 5/20 $Benchmark PayPal 10Y +100a, 30Y +120a
- 5/20 $Benchmark AEP Texas 5Y +125a, 10Y +150a
- 5/20 $Benchmark Svenska Handelsbanken 3Y +80a
- 5/20 $Benchmark UPS 10Y +95a, 30Y +115a, 40Y +125a
- 5/20 $500M Zebra Tech 8NC3
- 5/20 $500M California Resources 5NC2
- 5/20 $Benchmark HTA Group/Helios investor calls
- 5/20 $Benchmark Rep of Latvia 10Y investor calls
90 words