Free Trial

US$ Credit Supply Pipeline: $30.45Bn Issued This Week

Issuers sidelined into Friday's headline May NFP employment data. Total $30.45B high-grade debt issued on week

  • Date $MM Issuer (Priced *, Launch #)
  • $5.3B Priced Thursday
  • 06/03 $1.5B *Consolidated Edison $750M each: 10Y +80, 40Y +130
  • 06/03 $850M *Ares Capital 7Y +165
  • 06/03 $750M *Travelers 30Y +75
  • 06/03 $700M *Blue Owl Fnc 10Y +165
  • 06/03 $500M *Puget Energy 7Y +108
  • 06/03 $500M *IADB 10Y FRN SOFR+36
  • 06/03 $500M *Council of Europe Development Bank (CoE) 3Y -4
  • $18.4B Priced Wednesday
  • 06/02 $5.5B *ADB $4B 3Y -3, $1.5B 7Y +10
  • 06/02 $3.15B #Citigroup $2.75B 6NC5 +67, $400M 6NC5 FRN SOFR+77
  • 06/02 $3B #Indonesia $1.25B 5Y 1.5%, $1B 10Y +2.55%, $ 750M 30Y 3.55% Sukuk
  • 06/02 $2.5B #Societe Generale $1.25B each: 6NC5 +100, 11NC10 +130
  • 06/02 $2B #Truist Fncl $1B each: 4NC3 FRN SOFR+40, 8NC7 +63
  • 06/02 $1.5B #Petrobras 30Y 5.75%
  • 06/02 $750M NY Life Ins $400M 5Y +37, $350M 5Y FRN SOFR+48
  • $6.75B Priced Tuesday
  • 06/01 $3B *TD Bank $900M 2Y +18, $800M 2Y FRN SOFR +22, $1.3B 5Y +40
  • 06/01 $2.45B *Vodafone $500M 60NC5.25 3.25%, $1B 60NC10 4.125%, $950M 60NC30 5.125%
  • 06/01 $800M *Pacific Gas & Electric 7Y +180
  • 06/01 $500M *MetLife 3Y +28

Total high-grade issuance of $37.9B put May at $159.125B -- well off May 2020 total of $270.9B. April 2021 comes in third place so far this year with $183.4B -- and well off last year's all-time record of $401.325B. March still leads 2021 with stellar $232.62B high-grade corporate issuance vs. $275.48B for Mar 2020. Q1'21 ahead last years pace $618.03B vs. $548.16B.

May'21$159.125B
Apr'21$183.4B
Mar'21$232.62B
Feb'21$157.86B
Jan'21$227.55B
2020 Recap:Record $2.196T
Dec'20$52.24B; $796.54B H2 2020
Nov'20$126.83B
Oct'20$111.65B
Sep'20$207.82B
Aug'20$204.50B
Jul'20$93.50B
Jun'20$180.50B; Record $1.40T H2 2020
May'20$270.90B
Apr'20$401.32B
Mar'20$275.48B
Feb'20$107.50B
Jan'20$165.18B

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.