BOC WILL BE CONSDIERING FURTHER RATE CUTS

BOC DOESN'T SEE A RECESSION, RATHER SLOW GROWTH

BOC SAYS WEAKER CAD DRIVEN BY USD STRENGTH

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US$ Credit Supply Pipeline

Quiet end to strong week with $44.35B priced over 3 sessions. Headliners: $7B Bristol-Myers Squibb 6pt Monday; $12B Verizon 5pt Tuesday; $5.75B JP Morgan fix-FRN 3pt Thursday. On tap for next week?
  • Date $MM Issuer (Priced *, Launch #
  • 11/?? $Benchmark Rep of Italy, 5Y, 30Y
  • 11/?? $Benchmark BNG Bank 5Y Reg S
  • -
  • $10B Priced Thursday
  • 11/12 $5.75B *JP Morgan fix-FRN: $2.75B 6NC5 +65, $1.4B 11NC10 +90, $1.6B 21NC20 +87.5
  • 11/12 $1.5B *Societe Generale PNC10 5.375%
  • 11/12 $1.45B *Pacific Gas & Electric 1Y FRN 3M LIBOR +137.5
  • 11/12 $800M *Equitable Financial Life $500M 3Y +32, $300M 10Y +90
  • 11/12 $500M *Inner Mongolia Yili 5Y Reg S +125
  • -
  • $15.85B Priced Tuesday, $12B Verizon 5Pt Lion's
  • 11/10 $12B *Verizon 5pt: $2B 5Y +40, $2.25B +10Y +85, $3B 20Y +115, $2.75B 30Y +115, $2B 40Y +130 (issued $3.5B on March 17: $750M 7Y +215, $1.5B 10Y +225, $1.25B 30Y +250. Verizon still holds record for largest multi-tranche jumbo issuance w/ $49B back in August 2013)
  • 11/10 $1.25B *Standard Chartered 15.25NC10.25 +230
  • 11/10 $1.25B *Allianz PNC5.4 3.5%
  • 11/10 $700M *EUROFIMA 3Y Reg S +10
  • 11/10 $650M *L3Harris 10Y +85
  • -
  • $18.5B Total priced Monday, BMY 6Pt Jumbo Driver
  • 11/09 $7B *Bristol-Myers Squibb 6pt: $1.5B 3NC1 +30, $1B 5Y +35, $1B 7Y +45, $1.25B 10Y +55, $750M 20Y +65, $1.5B 30Y +85. BMY prior jumbo issue: total $19B, 9pt on May 7, 2019: $750M 1.5Y +20, $1B 2Y +35, $1.5B 3Y fix +45, $500M 3Y FRN L+38, $3.25B 5Y +73, $2.25B 7Y +90, $4B 10Y +105, $2B 20Y +30, $3.75B 30Y +145.
  • 11/09 $4.5B *Morgan Stanley $1.75B 3NC2 +37.5, $2.75B 11.25NC10.25 +85
  • 11/09 $2.5B *Westpac 15NC10 +175, 20Y +125
  • 11/09 $1.2B *Vereit $500M +7Y +165, $700M 12Y +200
  • 11/09 $1.1B *Republic Srvcs $350M 5Y +45, $750M 11Y +80
  • 11/09 $1B *Caterpillar 5Y +38, (adds to $2B issued on May 12 and Jan 9)
  • 11/09 $600M *Entergy LA $300M 10Y +70, $300M Tap 2.9% +95
  • 11/09 $600M *Consolidated Edison 40Y +128
  • -
  • No new issuance Friday
  • -
  • $2.5B Priced Thursday
  • 11/05 $2.5B *Waste Management $500M 55Y +45, $500M +7K +60, $1B +10Y +75, $500M 30Y +100
  • --
  • 07/01-07/02 No high-grade supply late last week
USUS$ Credit Supply PipelineMarketsStoryRegionNorth America
USUS$ Credit Supply PipelineMarketsStoryRegionNorth America

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.