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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.
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Free AccessUS$ Credit Supply Pipeline
Total $37.45B high-grade corporate (domestic, foreign) US$ bond issuance priced Tuesday, Intel's $11B 7pt jumbo largest of the year so far, surpassing Saudi Arabia's $10B jumbo from Jan 10. After a slow start, February issuance up to $61.1B already.
- Date $MM Issuer (Priced *, Launch #)
- 02/08 $2B *Korea Development Bank (KDB) ($1B) 5Y +60, $1B 10Y +80
- 02/08 $1.25B #Waste Management $1.75B 7Y +90, $500M 10Y +100
- 02/08 $1B *IDB Invest 5Y SOFR+59
- 02/08 $500M #Synovus Bank 5Y +185
- 02/08 $750M American Airlines 5NC2 7.25%
- 02/08 $Benchmark Westpac NZ 5Y investor calls
- Reverse Yankee issuance:
- 02/08 *GM Financial EU750M 6Y +140, GBP400M 3.5y +195
- May issue Thursday
- 02/09 $Benchmark AFD (French Development Agency) 3Y SOFR+44
- $37.45B Priced Tuesday
- 02/07 $11B *Intel $1.5B 3Y +75, $1.75B 5Y +105, $1.25B 7Y +135, $2.25B 10Y +155, $1B 20Y +175, $2B 30Y +195, $1.25B 40Y +215
- 02/07 $5.5B *PIF (sovereign wealth fund) $1.75B 7Y +115, $2B 12Y +145, $1.75B 30Y +185
- 02/07 $5B *EIB 10Y SOFR+48
- 02/07 $5B *World Bank (IBRD) 7Y SOFR +47
- 02/07 $3.5B *Export Development bank Canada (EDC) 5Y SOFR+39
- 02/07 $2B *CDP Financial 3Y +58
- 02/07 $1.75B *Swedish Export Bank (SEK) 7Y SOFR +46
- 02/07 $1.5B *Starbucks $1B 3Y +68, $500M 10Y +115
- 02/07 $1.2B *Vodafone $700M 30Y +195, $500M 40Y +210
- 02/07 $1B *Comcast WNG 10Y +100
- $12.5B Priced Monday
- 02/06 $4B *Nextera $1.25B 5Y +110, $600M 7Y +125, $1B 10Y +140, $1.15B 30Y +155
- 02/06 $3B *T-Mobile $1B 5Y +118, $1.25B +10Y +143, $750M 30Y tap +165a
- 02/06 $2B *Northrop Grumman $1B 10Y +108, $1B 30Y +128
- 02/06 $1.5B *Deutsche Bank 11NC10 +345
- 02/06 $1.2B *Micron Technology 7Y tap +210a, 10Y +225a
- 02/06 $800M *Becton Dickinson 5Y +188
- 02/06 $Benchmark Comcast investor calls
- 02/06 $Benchmark Intel investor calls
- 02/03 No new issuance Friday, $11.15B total first two days of February
- $10.45B Priced Thursday
- 02/02 $5.25B *Oracle $750M 5Y +110, $750M 7Y +130, $1.5B 10Y +155, $2.25B 30Y +203
- 02/02 $1.6B *MPLX $1.1B 10Y +170, $500M 30Y +212.5
- 02/02 $1.5B *PNC Financial PerpNC7 6.25%
- 02/02 $1.1B *National Rural Utilities $600M 3Y +70, $200M tap 5Y +95, $300M tap 10Y +123
- 02/02 $1B *Alexandria Real Estate $500M 12Y +137.5, $500M 30Y +160
- Muted Wednesday supply
- 02/01 $700M *Dominican Rep 8Y 7.0%
January kicked off 2023 with total of $231.425B high-grade corporate issuance, highest since March '22.
Total 2022 high-grade corporate US$ issuance at $1.284T, well off $1.879T in 2021 and record $2.196T for 2020
| Jan'23 | $231.425B |
| Dec'22 | $7.75B; $1.294T total for 2022 |
| Nov'22 | $115.9B |
| Oct'22 | $51.85B |
| Sep'22 | $105.25B; $1.287T through Q3 |
| Aug'22 | $168.5B |
| Jul'22 | $100.6B |
| Jun'22 | $80.85B; $913.58B first half of 2022 |
| May'22 | $103.225B |
| Apr'22 | $175.2B |
| Mar'22 | $258.425B (Highest since May 2020) |
| Feb'22 | $92.62B |
| Jan'22 | $203.26B |
| Dec'21 | $62.2B vs. $52.24B Dec'20 total; Q4 total $344.875B; $782.51B H2 2021 |
| Nov'21 | $133.875B |
| Oct'21 | $148.8B |
| Sep'21 | $215.635B; Q3 total $437.64B |
| Aug'21 | $97.12B |
| Jul'21 | $124.885B |
| Jun'21 | $136.35B; Q2 total $478.875B |
| May'21 | $159.125B |
| Apr'21 | $183.4B |
| Mar'21 | $232.62B; Q1 total $618.03B |
| 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
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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.