US$ Credit Supply Pipeline

Sights On Tuesday's 7-Eleven Launch

• Date $MM Issuer (Priced *, Launch #)
  
• 01/25 $600M #United Airlines 5Y 4.875%
• 01/25 $550M *Woori Bank 5Y +45
• 01/25 $Benchmark Armenia investor call
• Potential multi trance jumbo for Tuesday:
• 01/26 $11B est 7-Eleven
  01/25 Oesterreichische Kontrollbank (OKB) 5Y +8
• 01/25 Oesterreichische Kontrollbank (OKB) 5Y +8
• Only $1.75B Priced Fri; $53.71B/wk
• 01/22 $1.75B *Prov British Columbia 10Y +21
• $9.5B To price Thursday, $51.96B/wk
• 01/21 $2.5B *Citigroup 6NC5 fix-FRN +68
• 01/21 $2B *European Bank for R&D (EBRD) 5Y +3
• 01/21 $1B *Kommunekredit WNG 5Y +6
• 01/21 $1.2B *Bank of NY Mellon $700M 5Y +35, $500M 10Y +55
• 01/21 $1B *Development Bank of Japan WNG 10Y +22
• 01/21 $1B *Canada Pension Plan Inv Brd (CPPIB) 10Y +24
• 01/21 $750M *Aircastle 7Y +230
• $25.9B Priced Wednesday; $42.46B/wk
• 01/20 $7.5B *Morgan Stanley $3B 3NC2 +40, $2.5B 11.25NC10.25 fix/FRN +85, $2B 31NC30 fix/FRN +97
• 01/20 $5.5B *Goldman Sachs $2.25B 2NC1 +35, $750M 2NC1 FRN SOFR+41, $2.5B 11NC10 fix/FRN +90
• 01/20 $3B *Asia Infrastructure Inv Bank (AIIB) 5Y +6
• 01/20 $2.45B *Panama $1.25B 2032 tap +112, $1.2B 2060 tap +155
• 01/20 $2B *Gazprom 8Y 2.95%
• 01/20 $2B *Kingdom of Bahrain $500M 7Y 4.25%, $1B 12Y 5.25%, $500M 30Y 6.25%
• 01/20 $1B *QNB Finance (Qatar National Bank) 5Y +95
• 01/20 $450M *Korean Southern Power 5Y +40
• $16.56B Priced Tuesday
• 01/19 $3.51B *Wells Fargo PerpNC5 3.9%
• 01/19 $3.5B *Rep of Turkey $1.75B 5Y 4.9%, $1.75B +10Y 5.95%
• 01/19 $2.25B *Chile $750M 2032 tap +87, $1.5B 40Y +127
• 01/19 $1.5B *Hilton Domestic 11NC5.5 3.625%
• 01/19 $1.5B *Credit Agricole 6NC5 fix/FRN
• 01/19 $1.25B *BNP Paribas 20Y +118
• 01/19 $1B *Bank of Montreal 6NC5 +50
• 01/19 $750M *Air Lease Corp 3Y +72
• 01/19 $1.3B *Howard Hughes Corp $650M 8NC3 4.125%, $650M 10NC5 4.375%
• $58.64B Priced on week; $132.69B/month
• 01/15 $1B *Nederlandse Waterschapsbank (NWB) 2Y +2
• $9B Priced Thursday
• 01/14 $3.25B *Oman $500M 2025 Tap 4.45%, $1.75B 10Y 6.25%, $1B 30Y 7.25%
• 01/14 $2.5B *Pioneer Natural $750M 3NC1 +55, $750M 5Y +65, $1B 10Y +105
• 01/14 $1.25B *Nationwide Building Society 3Y +37
• 01/14 $1B *EIB 5Y FRN SOFR+20
• 01/14 $500M *American Assets Trust 10Y +237.5
• 01/14 $500M *Public Storage WNG 5Y +43
• $17.6B Priced Wednesday
• 01/13 $3.5B *Ontario 5Y +17
• 01/13 $3.25B *Royal Bank of Canada $1B 3Y +22, $700M 3Y FRN SOFR+30, $1.25B 5Y +42, $300M 5Y FRN SOFR+52.5
• 01/13 $2.5B *SK Hynix $500M 3Y +85, $1B 5Y +105, $1B 10Y +140
• 01/13 $2.5B *Dominican Republic $1B tap 10Y 3.875%, $1.5B 20Y 5.3%
• 01/13 $1.6B *Nippon Life 30NC10 2.75%
• 01/13 $1.5B *Japan Bank Int Cooperation (JBIC) 10y +25
• 01/13 $1.5B *Avalon Holdings $750M each 5Y +190, 7Y +215
• 01/13 $1.25B *Nordic Inv Bank 5Y +3
• $19.44B Priced Tuesday
• 01/12 $5B *KFW 5Y +3
• 01/12 $5B *CADES 10Y +23
• 01/12 $3B *BPCE $1.75B 5Y +60, $1.25B 11NC10 +115
• 01/12 $2.09B *Rep of Colombia $790M 10Y tap 2.8%, $1.3B 40Y +210
• 01/12 $1.5B *MuniFin 5Y +8
• 01/12 $1.5B *Zurich Insurance Co 30.25NC10.25 3.0%a
• 01/12 $750M *Aviation Capital 5Y +165
• 01/12 $600M *Pacific Life 7Y +62
• $11.6B Priced Monday
• 01/11 $3B *T-Mobile $1B each: 5NC2 2.25%, 8NC3 2.625%, 10NC5 2.87%
• 01/11 $1.75B *American Honda $900M 3.5Y +35, #300M 3.5Y FRN L+35, $550M10Y +70
• 01/11 $1.5B *Korean Development Bank $700M 3Y5M +25, $500M 5.5Y +35, $300M 10Y +52
• 01/11 $1.5B *Simon Property $800M 7Y +95, $700M 10Y +110
• 01/11 $1.25B *Deutsche Bank 11NC10 +260
• 01/11 $950M #Ag-Bank China $650M 3Y +68, $300M 5Y +80
• 01/11 $900M *NY Life Global 5Y +37
• 01/11 $800M *Berry Global 3Y +77
• 01/08 No new issuance Friday; $74.05B/wk
• $7.25B Priced Thursday
• 01/07 $3.5B *World Bank (IRBD) $2.35B 2Y FRN SOFR+13, $1.15B 2027 Tap SOFR+34
• 01/07 $3B *Standard Chartered $1.5B 4NC3 +89, $1.5B 6NC5 +100
• 01/07 $750M *Northwestern Mutual Global Funding 5Y +38
• $12.9B Priced Wednesday; $66.8B/wk
• 01/06 $4B *ADB 10Y +15
• 01/06 $3B *Toyota Motor Cr $1B 3Y +25, $750M 3Y FRN SOFR+33, $700M 5Y +40, $550M 10Y +62.5
• 01/06 $2.25B *BNP Paribas 6NC5 +90
• 01/06 $2B *Kommunalbanken 5Y +9
• 01/06 $1B *AerCap Ireland 5Y +155
• 01/06 $650M *Ares Capital +5Y +180
• $26.4B Priced Tuesday; $53.9B/wk
• 01/05 $5B *European Inv Bank (EIB) 5Y +5
• 01/05 $3B *Indonesia $1.25B +10Y 1.9%, $1.25B +30Y 3.1%, $500M +50Y 3.4%
• 01/05 $3B *Sinopec $1.15B 5Y +110, $1.2B 10Y +140, $650M 30Y +138
• 01/05 $2.7B *Hyundai $1.25B 3Y +67, $850M 5Y +95, $650M 7Y +115
• 01/05 $2.5B *General Motors $1.5B 5Y +92, $1B 10Y +140
• 01/05 $1.5B *Credit Agricole 20Y +110
• 01/05 $1.5B *Cooperative Rabobank $750M 3Y +23, $750M 3Y FRN SOFR+30
• 01/05 $1.25B *National Australia Bank 20Y +95
• 01/05 $1.25B *Macquarie Grp 6NC5 fix/FRN +97
• 01/05 $1.25B *Standard Chartered perp NC10 4.75%
• 01/05 $900M *So-Cal Edison $150M 2030 tap +85, $750M 30Y +127
• 01/05 $750M *Protective Life Global Funding $500M 3Y +30, $250M 10Y +80
• 01/05 $750M *Berkshire Hathaway WNG 30Y +85
• 01/05 $550M *Principle Life Global Funding 5Y +55
• 01/05 $500M *Kroger Co 10Y +77
• $27.5B Priced Monday
• 01/04 $10B *Broadcom $750M 7Y +135, $2.75B 10Y +155, $1.75B 12Y +170, $3B 20Y +185, $1.75B 30Y +210 (May 5 '20, AVGO issued $8B: $1B 3Y +200, $2.25B 5Y +280, $2.75B 10Y +350, $2B 12Y +365)
• 01/04 $3B *Mexico 50Y 3.75%
• 01/04 $3B *TD Sec $1.15B 2Y +18, $600M 2Y FRN SOFR+24, $1.25B 5Y +43
• 01/04 $3B *Home Depot $500M 7Y +35, $1.25B 10Y +52, $1.25B 30Y +77 (Mar 26 '20, HD issued $5B: $750M 7Y+190, $1.5B 10Y+195, $1.25B 20Y+195, $1.5B 30Y+200)
• 01/04 $2.5B *SMFG $500M 3Y +35, $1B 5Y +60, $500M 10Y +80, $500M 20Y +85
• 01/04 $2B *MetLife $625M 3Y +25, $625M 3Y FRN SOFR+32, $750M 10Y +68
• 01/04 $1.5B *John Deere 5Y +37, 10Y +57
• 01/04 $1.5B *Athene Global Funding $750M 3Y +80, $250M 3Y FRN L+73, $500M 5Y +110a
• 01/04 $1B *Exp/Imp Bank of India 10Y +145