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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