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Free AccessMNI: PBOC Sets Yuan Parity Lower At 7.1020 Mon; -4.03% Y/Y
MNI: China CFETS Yuan Index Flat In Week of Mar 1
US$ Credit Supply Pipeline
Foreign banks issuing US$ debt keeping the supply pipeline flowing.
- Date $MM Issuer (Priced *, Launch #)
- 06/23 $750M #Turk Eximbank 5Y 5.875%
- 06/23 $Benchmark BNP Paribas 6NC5 +105a
- 06/23 $Benchmark Banco Santander 3NC2 +65a
- 06/23 $750M NatWest WNG PerpNC10.5 4.875%a
- 06/23 $Benchmark Fidelity National Fncl 5Y +110a
- 06/23 $500M Nemak 10Y
- 06/23 $Benchmark Rep of Panama 10Y, 29Y details TBA
- On tap second half of the week:
- 06/24 $Benchmark Welltower +7Y +105a
- $6.75B Priced Tuesday; $17.85B total for week
- 06/22 $2B *Kexim $750M 3Y +20, $750M 5.5Y +35, $500M 20Y +50
- 06/22 $1.25B *Standard Chartered 11NC10 +120
- 06/22 $1B *Ford Motor Credit 10Y 3.625%
- 06/22 $1B *IFC 2Y FRN/SOFR+9
- 06/22 $1B *PSP Cap WNG 5Y+7
- 06/22 $500M *Block Fncl 7Y +135
- $11.1B Priced Monday
- 06/21 $2.5B *JP Morgan 4NC3 +50, 4NC3 FRN SOFR+58
- 06/21 $2.5B *HCA Inc $1B 10Y +95, $1.5B 30Y +140
- 06/21 $2.5B *Martin Marietta $700M 2NC1 +40, $900M 10Y +92, $900M 30Y +112
- 06/21 $2.15B *Bank of Nova Scotia $750M 2NC1 FRN/SOFR+28, $750M 5Y +48, $650M 5Y FRN/SOFR, 10Y +68
- 06/21 $800M *Brighthouse Fncl $450M 2Y +35, $350M 7Y +78
- 06/21 $650M *PPL electric Utilities 3NC1 FRN/SOFR+33
- 06/21 $Benchmark BNP Paribas -- green bond investor call
- 06/18 No new issuance Friday, $24.05B total for wk
- $3.15B Priced Thursday
- 06/17 $1B *Kenya 2034 Bond 6.3%
- 06/17 $800M *GXO Logistics 5Y +85a, 10Y +120a
- 06/17 $750M *Eagle Materials 10Y +110
- 06/17 $600M *Sun Communities 10Y +125
- $2.75B Priced Wednesday
- 06/16 $2B *Lundin Energy Finance $1B each: 5Y +115, 10Y +155
- 06/16 $750M *Wipro 5Y +80
- $8.8B Priced Tuesday
- 06/15 $2.5B *CIBC $1.25B 2Y +30, $500M 2Y FRN SOFR +34, $750M 5Y +50
- 06/15 $2.25B *Macquarie Group $950M 6.25NC5.25 +85, $300M 6.25NC5.25 FRN SOFR+92, $1B 11NC10 +120
- 06/15 $1.8B *Toyota Motor Credit $850M 3Y +20, $350M 3Y FRN SOFR+26, $600M 5Y +35
- 06/15 $1B *ANZ Bank of New Zealand 5Y +50
- 06/15 $750M *Crown Castle Int 10Y +103
- 06/15 $500M *Kommunalbanken 2Y +0
- 06/?? $Benchmark Rep of Turkey 5Y Sukuk 5.25%a
- $9.35B Priced Monday
- 06/14 $5B *Nvidia $1.25N 2NC1 +15, $1.25B 3NC2 +25, $1.25B 7Y +40, $1.25B 10Y +55a
- 06/14 $1.15B *John Deere $550M 5Y +30, $600M 10Y +52
- 06/14 $2B *BP Capital $1.45B 20Y +95, $550M 40Y +125
- 06/14 $650M *Global Atlantic Financing 10Y +165
- 06/14 $550M *AIG Global Funding 3Y +35a
- $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
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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 |
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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.