Free Trial

US$ Credit Supply Pipeline

  • Date $MM Issuer (Priced *, Launch #)
  • 03/31 No new corporate issuance Friday, Total $122.05B for March 2023
  • 03/30 $750M *Western Midstream 10Y +262.5
  • 03/30 $500M *Nederlandse Financierings-Maatschappij 2Y SOFR+24
  • $3.75B Priced Wednesday
  • 03/29 $1B *Al-Rajhi Bank 5Y +110
  • 03/29 $900M *New York Life $600M 3Y +85, $300M 3Y SOFR+93
  • 03/29 $750M *Allstate 10Y +170
  • 03/29 $600M *Aviation Capital Group 5Y +275
  • 03/29 $500M *Archer-Daniels-Midland 10Y +105
  • $13.35B Priced Tuesday
  • 03/28 $5B *Republic of Poland $2.5B +10Y +140, $2.5B 30Y +180
  • 03/28 $3B *Lowe's $1B 3Y +95, $1B 10Y +160, $500M 30Y +200, $500M 40Y +210
  • 03/28 $2.5B *Hyundai Capital $1.2B 3Y +175, $800M 5Y +200, $500M 7Y +225
  • 03/28 $1.5B *Virginia Electric 10Y +150, 30Y +175
  • 03/28 $750M *Pacific Gas & Electric 30Y +295
  • 03/28 $600M *AIA Group 10Y +145
  • $11.95B Priced Monday
  • 03/27 $3B *Mercedes-Benz $1B 2Y +95, $300M 2Y SOFR, $1B 3Y +105, $700M 5Y +123
  • 03/27 $1.5B *Republic of Costa Rica 11Y 6.55%
  • 03/27 $1.25B *Phillips 66 $750M 5Y +140, $500M 10Y +182
  • 03/27 $1.1B *Pioneer Natural 3Y +132
  • 03/27 $1B *General Mills 10Y +145
  • 03/27 $1B *Tennessee Valley Authority 5Y +45
  • 03/27 $1B *Korea National Oil $550B 3Y +120, $450M 5Y +135
  • 03/27 $850M *Public Service of Colorado 30Y +155
  • 03/27 $750M *Penske Leasing 5Y +205
  • 03/27 $500M *Berry Global 5Y +210
  • 03/24 No new issuance Friday, $22.4B total for week

  • $13.65B Priced Thursday
  • 03/23 $6.5B *United Health $1.25B +5Y +88, $1.5B 10Y +118, $2B 30Y +143, $1.75B 40Y +158
  • 03/23 $2B *Medtronic $1B 5Y +87.5, $1B 10Y +115
  • 03/23 $1.5B *Nutrien $750M 5Y +150, $750M 30Y +215
  • 03/23 $1.2B *Prologis $750M 10Y +140, $450M 30Y +160
  • 03/23 $900M *Public Service E&G $500M 10Y +122, $400M 30Y +142
  • 03/23 $800M *Marriott Int 6Y +170
  • 03/23 $750M *AIG (American International Group) 10Y +210
  • 03/22 No new US$ issuance Wednesday

  • $7.1B Priced Tuesday
  • 03/21 $1.8B *Republic of Panama $800M 2035 tap +255.5, $1B 31Y +312.5
  • 03/21 $1.2B *Republic Services $400M 6Y +120, $800M 11Y +145
  • 03/21 $1B *Metropolitan Life 10Y +158
  • 03/21 $750M *NiSource 5Y +155
  • 03/21 $650M *Brown-Forman 10Y +120
  • 03/21 $500M *Extra Space Storage5Y +200
  • 03/21 $500M *Duke Energy Indiana WNG 30Y +170
  • 03/21 $500M *Indiana Michigan Power WNG 30Y +190
  • $1.65B Priced Monday
  • 03/20 $750M *Duke Energy Ohio $375M 10Y +175, $375M 30Y +2200
  • 03/20 $900M *CenterPoint Energy Houston $600M 10Y +150, $300M 30Y +165
  • 03/13-0317 No new corporate bond issuance for the week, several interested parties remain sidelined due to market volatility tied to banking stocks sell-off.

  • $2.55B Priced Thursday, $44.05B total on week
  • 03/09 $1.25B *HSBC 2Y +80 (2Y SOFR leg dropped)
  • 03/09 $700M *AEP Transmission 30Y +157
  • 03/09 $600M *OCI 10Y +280
  • $10.0B Priced Wednesday
  • 03/08 $7.75B *Kenvue: $750M 2Y +45, $750M 3Y +60, $1B 5Y +75, $1B 7Y +85, $1.25B 10Y +95, $750M 20Y +100, $1.5B 30Y +120, $750N 40Y +135
  • $2.25B *Turkiye 6Y 9.5%
  • $15.7B Priced Tuesday
  • 03/07 $3B *Nestle Holdings $1B 3Y +55, $850M 5Y +70, $500M 7Y +80, $650M 10Y +90
  • 03/07 $2B *African Development Bank (AFDB) 5Y SOFR+33
  • 03/07 $2B *Islamic Development Bank (ISDB) 5Y Sukuk SOFR+55
  • 03/07 $1.7B *HP Enterprise $1.3B 1.5Y +95, $400M 3NC1 +140
  • 03/07 $1.5B *Nordic Inv Bank (NIB) 5Y SOFR+30
  • 03/07 $1.4B *Texas Instruments $750M 10Y +95, $650M 30Y +115
  • 03/07 $1.25B *TransCanada Pipelines $850M 3NC1 +150, $400M 3NC1 SOFR+152
  • 03/07 $800M *Magna Int, $300M 3NC1 +125, $500M 10Y +155
  • 03/07 $750M *CCDJ 5Y +140
  • 03/07 $700M *Harley-Davidson 5Y +225
  • 03/07 $600M *Caterpillar Fncl 2Y +40 (drops 2Y SOFR leg)

  • $15.8B Priced Monday
  • 03/06 $3B *Enbridge $700M 3NC1 +135, $2.3B 10Y +173
  • 03/06 $1.75B *Rio Tinto Finance $650M 10Y +105, $1.1B 30Y +130
  • 03/06 $1.5B *Mastercard $750M 5Y +62.5, $750M 10Y +87.5
  • 03/06 $1.5B *CBA $1B 3Y +70, $500M 3Y SOFR+75
  • 03/06 $1.5B *Warnermedia 3NC1 +178
  • 03/06 $1B *Santander 6NC5 +223
  • 03/06 $1B *Duke Energy WNG $500M 10Y +128, $500M 30Y +148
  • 03/06 $800M *San Diego Gas & Electric 30Y +150
  • 03/06 $750M *Ameriprise 10Y +120
  • 03/06 $700M *Principal Financial $400M 10Y +140, $300M 30Y +160
  • 03/06 $600M *Air Lease 5Y Sukuk +185
  • 03/06 $600M *Advance Auto $300M 3Y +130, $300M 5Y +170
  • 03/06 $600M *Marsh & McLennan 30Y +157
  • 03/06 $500M *Avnet 5Y +205
  • 03/03 No new issuance Friday, March kicks off w/ $25.3B over two days

  • $14B Priced Thursday
  • 03/02 $7B *HSBC $2B 6NC5 +185, $2.25B 11NC10 +220, $2.75B 21NC20 +210
  • 03/02 $2B *EBRD 5Y SOFR+31
  • 03/02 $2B *LBank 3Y SOFR+26
  • 03/02 $2B *FHLB 2Y Global +15
  • 03/02 $500M *Norinchukin Bank 5Y +110
  • 03/02 $500M *Verisk 10Y +200a
  • $11.3B priced Wednesday
  • 03/01 $2.5B *Morocco 5Y +195, 10.5Y +260
  • 03/01 $2B *Bank of England 3Y +13
  • 03/01 $2B *Sumitomo Trust $1B 3Y +110, $500M 3Y SOFR+112, $500M 5Y +128
  • 03/01 $1.5B *Five Corners $800M 10Y +180, $700M 30Y +205
  • 03/01 $1.3B *Simon Property $650M each: 10Y +165, 30Y +195
  • 03/01 $750M *Stanley Black & Decker $350M 3NC1 +165, $400M 5Y +175
  • 03/01 $750M *Eversource WNG 5Y +123
  • 03/01 $500M *KeySpan Gas 10Y +200

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

Mar'23$122.05B
Feb'23$186.7B
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

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.