US$ Credit Supply Pipeline

• Date $MM Issuer (Priced *, Launch #)
• 05/17 $3B #EDF $1B 5Y +215, $1B 10Y +270, $1B 30Y +310
• 05/17 $2.5B #Schwab $1.2B 6NC5 +205, $1.3B 11NC10 +227
• 05/17 $1.25B #Blackrock 10Y +130
• 05/17 $1B *NRW Bank 3Y +32
• 05/17 $1B #SoCal Gas 10Y +165, 30Y +190
• 05/17 $800M #ITC $300M 5Y +135, $500M 10Y +185
• 05/17 $500M #BNY Mellon 3NC2 +100
• 05/17 $500M #LYB Int Finance 10Y +205
• 05/17 $500M #Amcor Finance 10Y +217
• 05/17 $Benchmark Southern California Edison 3Y +112.5, 30Y +200
• 05/17 $3.5B Venture Global 5NC2, 8NC3 investor calls
• $34.15B Priced Tuesday, $31B Pfizer 8pt jumbo 4th largest on record
• 05/16 $31B *Pfizer 8pt jumbo: $3B 2Y +60, $3B 3Y +75, $4B 5Y +95, $3B 7Y +115, $5B 10Y +125, $3B 20Y +130, $6B 30Y +145, $4B 40Y +160
• 05/16 $6B *Saudi Arabia Sukuk $3B 6Y +80, $3B 10Y +100
• 05/16 $3B *CADES 5Y SOFR+45
• 05/16 $1.25B *JICA (Japan Int Coop Agcy) 5Y SOFR+76
• 05/16 $1B *COE Development Bank 3Y SOFR+24
• $17.75B Priced Monday
• 05/15 $2.5B *Florida Power & Light $500M 3Y +80, $750M 5Y +95, $500M 7Y +115, $750M 10Y +130
• 05/15 $2B *Toyota Motor Credit $1B 3Y +80, $300M 3Y SOFR+89, $700M 7Y +110
• 05/15 $2B *State Street $1B 3NC2 +110, $1B 11NC10 +165
• 05/15 $1.75B *Westpac 5Y SOFR+92
• 05/15 $1.75B *BGK 10Y +190
• 05/15 $1.5B *Southern Co $750M 5Y +143, $750M 10Y +173
• 05/15 $1.5B *FMC Corp $500M 3Y +150, $00M 10Y +215, $500M 30Y +255
• 05/15 $1.4B *LKQ $800M 5Y +235, $600M 10Y +285
• 05/15 $1.2B *PacifiCorp 31Y +165
• 05/15 $900M *AES Corp 5Y +200
• 05/15 $750M *Weyerhauser 3Y +120
• 05/15 $500M *Eaton Corp 5Y +90
• $1.75B Priced Friday, $36.8B total on the week
• 05/12 $1.75B *Honeywell $750M +5Y +85, $1B +10Y +115
• $5.8B Priced Thursday
• 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
• 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 $700M *Equifax 5Y +175
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• 05/03-04 No new US$ debt issuance Wednesday-Thursday, $26.55B running total for the week
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• $5B Priced Tuesday
• 05/02 $4B *Barclays $2B 4NC3 +215, $2B 11NC10 +280
• 05/02 $1B *Glencore $500M 5Y +195, $500M 10Y +230
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• $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