Free Trial

US$ Credit Supply Pipeline

  • Date $MM Issuer (Priced *, Launch #)
  • $5.8B Priced Thursday, $35.05B total for the week, $63.3B mid-month
  • 05/11 $1.6B *Texas Instruments $200M 5Y +76, $200M 10Y +102, $1.2B 40Y +137
  • 05/11 $1.5B *BNG Bank 5Y SOFR+45
  • 05/11 $1.5B *Mamoura 10.5Y +115a, 30Y +145a
  • 05/11 $1.2B *EIDP 3Y +95, 10Y +145
  • 05/11 $Benchmark FMC Corp investor calls
  • 05/11 $Benchmark BGK Bank (State Dev Bank of Poland) 10Y investor calls
  • $2B Priced Wednesday, $29.25B running total for week
  • 05/10 $750M *Willis North America 10Y +175
  • 05/10 $600M *Edison Int 5.5Y +190
  • 05/10 $650M *Ryder 5Y +190
  • $4.6B Priced Tuesday
  • 05/09 $2B *Estee Lauder $700M 5Y +90, $700M 10Y +115, $600M 30Y +135
  • 05/09 $1.5B *BP Capital Markets +10Y +137.5
  • 05/09 $1.1B *Conoco 30Y +150
  • $23.15B Priced Monday
  • 05/08 $6B *Merck $500M 5Y +57, $750M 7Y +82, $1.5B 10Y +100, $750M 21Y +102, $1.5B 30Y +120, $1B 40Y +135.
  • 05/08 $5.25B *Apple $1B 3NC1 +70, $1.5B 5Y +55, $500M 7Y +70, $1B 10Y +80, $1.25B 30Y +108
  • 05/08 $3.5B *T-Mobile $900M 5Y +135, $1.35B 10Y +173, $1.25B 30Y +195
  • 05/08 $1B *Ball Corp 6NC3 6%
  • 05/08 $1B *Oncor Electric Delivery $600M 5Y +85, $400M tap 20Y +145
  • 05/08 $1B *Schlumberger Investment $500M 5Y +105, $500M 10Y +135
  • 05/08 $1.8B *Eversource Energy $450M 3Y +105, $550M 5Y +130, $800M 10Y +162.5
  • 05/08 $1.25B *Caterpillar Financial 3Y +65 (drops 3Y SOFR leg)
  • 05/08 $850M *Bell Telephone of Canada 10Y +160
  • 05/08 $800M *DTE Energy 5Y +140
  • 05/08 $700M *Baltimore Gas WNG 30Y+158
  • $1.7B Priced Friday, $28.25B total on week
  • 05/05 $1B *Verizon WNG 10Y Green +162.5
  • 05/05 $700M *Equifax 5Y +175
  • 05/03-04 No new US$ debt issuance Wednesday-Thursday, $26.55B running total for the week

  • $5B Priced Tuesday
  • 05/02 $4B *Barclays $2B 4NC3 +215, $2B 11NC10 +280
  • 05/02 $1B *Glencore $500M 5Y +195, $500M 10Y +230
  • $21.55B Priced Monday
  • 05/01 $3.25B *HCA Inc $1B 5Y +160, $1.25B 10Y +193, $1B 30Y +233
  • 05/01 $8.5B *Meta Platforms $1.5B 5Y +95, $1B 7Y +120, $1.75B 10Y +135, $2.5B 30Y +177, $1.75B 40Y +192
  • 05/01 $5B *Comcast $1B 5Y +95, $1B 10Y +125, $1.6B 30Y +155, $1.4B 41Y +170
  • 05/01 $1.75B *Georgia Power $750M 5Y +105, $1B 10Y +140
  • 05/01 $800M *Northern States Power 30Y +135
  • 05/01 $750M *Hershey WNG, 5Y +70, 10Y +100
  • 05/01 $750M *Avalon Holdings 5Y +300
  • 05/01 $750M *Tractor Supply 10Y +175
  • 04/28 No new issuance Friday, $22.1B total priced on week, final total of $122.19B for the month

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

Apr'23$122.19B
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.