US$ Credit Supply Pipeline

• Date $MM Issuer (Priced *, Launch #)
• 09/22 $2.75B #Citigroup 4NC3 +148
• 09/22 $900M #WEC Energy $500M 3Y +90, $400M 5Y +128
• 09/22 $Benchmark JBIC 5Y Green bond investor call
• 09/22 $2B Royal Caribbean 6.25NC2.5 investor call
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• Rentenbank sole issuer Wednesday
• 09/21 $1.25B *Rentenbank 5Y SOFR+37
• $9B Priced Tuesday
• 09/20 $4B *ADB $2.75B 2Y SOFR+8, $1.25B 10Y SOFR+51
• 09/20 $4B *Citrix 6.5NC3 Sec notes 10% said to have launched
• 09/20 $1B *EQT Corp $500M 3NC1 +175, $500M +5Y +205
• 09/19 No new issuance Monday
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• 09/15 No new US$ issuance Friday after $24.3B total issued on week
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• $6B To price Thursday
• 09/15 $2.25B *Toyota Motor Cr $1.25B 2Y +55, $1B 5Y +90
• 09/15 $2B *Nordea $1B 3Y +100, $1B 5Y +173
• 09/15 $600M *Dev Bank of Japan (DBJ) 3Y SOFR+71
• 09/15 $650 *Prologis +10Y +122 (Upsized from $500M)
• 09/15 $500M *Intact Financial 10Y +200
• 09/16 $Benchmark Export Finance Australia 5Y, 10Y investor calls
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• $7.5B Priced Wednesday, $18.3B/wk
• 09/14 $4.5B *World Bank (IBRD) $1.5B 4Y SOFR+31, $3B 7Y SOFR+46
• 09/14 $1.75B *CPPIB 2Y SOFR+25
• 09/14 $1.25B *AFD 5Y SOFR+61
• 09/13 No new issuance Tuesday
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• $10.8B Priced Monday
• 09/12 $3B *T-Mobile WNG $1.25B +10Y +185, $1B +30Y +212.5, $750M 40Y +230
• 09/12 $3B *Home Depot $750M 3Y +40a, $1.25B 10Y +115, $1B 30Y +150
• 09/12 $2B *JBS $400M tap 5.12% 2028 +187.5, $800M tap 5.75% 2033 +262.5, $800M tap 6.5% 2052 +295
• 09/12 $800M *CenterPoint Energy Houston $500M 10Y +115, $300M 30Y +137.5
• 09/12 $1B *Bank of Ireland 4NC3 +265
• 09/12 $1B *Swedbank 5Y +190
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• $63.85B Priced last week
• 09/09 $1B Newell Brands $500M 5NCL, $500M 7NCL
• $6.05B Priced Thursday
• 09/08 $3B *TD Bank $1.5B 2Y +80, $1.5B 5Y +130
• 09/08 $750M *Pacific LifeCorp 30Y +195
• 09/08 $700M *Northwestern Mutual 5Y +98
• 09/08 $600M *ITC 5Y +158
• 09/08 $500M *Mitsubishi 5Y +168
• 09/08 $500M *Tennessee Valley Auth 30Y +100
• $19.75B Priced Wednesday
• 09/07 $3.5B *JP Morgan 11NC10 +245
• 09/07 $3B *IADB 7Y SOFR+46
• 09/07 $2.5B *Bank of Montreal $1.5B 2Y +85, $1B 5Y +135
• 09/07 $2B *AIIB 5Y SOFR+63
• 09/07 $2B *IFC 3Y SOFR+25
• 09/07 $1.75B *Mizuho $1B 6NC5 +205, $750M 11NC10 +240
• 09/07 $1.5B *JBIC 3Y SOFR+58
• 09/07 $1.25b *Stellantis Finance $550M +5Y +237.5, $700M 10Y +312.5
• 09/07 $1B *Norinchukin Bank $500M 5Y +150, $500M 10Y +180
• 09/07 $750M Equifax +5Y +175
• 09/07 $500M *AON Corp 10Y +175
• $37.05B Priced Tuesday
• 09/06 $5B *Walmart $1.75B 3Y +35, $1B 5Y +55, $1.25B 10Y +85, $1B 30Y +100
• 09/06 $4.75B *Lowe's $1B 3Y +85, $1.25B 10Y +170, $1.5B 30Y +215, $1B 40Y +235
• 09/06 $4.4B *MUFG $2B 3NC2 +155, $400M 3NC2 SOFR+138.5, $1.25B 6NC5 +190, $750M 11NC10 +212.5
• 09/06 $4B *Nestle Holdings $750M 3Y +45, $500M 5Y +70, $500M 7Y +85, $1.25B 10Y +100, $1B 30Y +120
• 09/06 $2.5B *Kexim $1B 2Y +55, $1B 5Y +90, $500M 10Y +120
• 09/06 $2.3B *Dollar General $750M 2Y +80, $550M 5Y +120, $700M 10Y +170, $300M 30Y +200
• 09/06 $2.25B *John Deere $750M 3Y +50, $900M 5Y +75, $600M 10Y +105
• 09/06 $1.9B *Union Pacific $900M +10Y +120, $600M 30Y +148, $400M +40Y +168
• 09/06 $1.75B *BBVA $1B 4NC3 +230, $750M 6NC5 +270
• 09/06 $1.5B *McDonald's $750M 10Y +133, $750M 30Y +168
• 09/06 $1.2B *Oncor Electric Delivery, $700M 10Y +123, $500M 30Y +148
• 09/06 $1B *Sumitomo $500M 3Y +125, $500M 5Y +155
• 09/06 $1B *Orix $500M 5Y +160, $500M 10Y +190
• 09/06 $1B *Marriott Int 5Y +175
• 09/06 $1B *Target 10Y +120
• 09/06 $500M *Southern Co Gas 10Y +185
• 09/06 $500M *Santander 4NC3 Green +225
• 09/06 $500M *Mondelez 3Y +80
• 09/02-09/06 No new issuance
• 09/01 $1B *OKB WNG 5Y SOFR+42

Total 2021 high-grade corporate US$ issuance at $1.879T 2021 vs. record $2.196T for 2020