US$ Credit Supply Pipeline

• Date $MM Issuer (Priced *, Launch #)
• 07/05 $Benchmark IFC 5Y SOFR+35a
• 07/05 $Benchmark Nomura 5Y +210a, 10Y +240a
• 07/05 $Benchmark BFCM 3Y +130, 3Y SOFR+140, 5Y +155
• 07/05 $Benchmark American Honda 3Y +70, 3Y SOFR, 5Y +90
• 07/05 $Benchmark Shinhan Financial 5Y investor calls
• 06/30 No new issuance Friday, total June high grade issuance at $113.195B
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• $2.5B Priced Thursday, $23.67B/wk
• 06/29 $2.5B *Mizuho $1.4B 6NC5 +165, $1.1B 11NC10 +190
• $3.5B Priced Wednesday
• 06/28 $2.5B *Standard Chartered $1B 4NC3 +185, $500M 4NC3 SOFR+193, $1B 11NC10 +258
• 06/28 $500M *Corebridge Global 3Y +145
• 06/28 $500M *Paraguay 10Y 5.85%
• $11B Priced Tuesday
• 06/27 $3B *IADB 3Y SOFR+24
• 06/27 $2.5B *Credit Agricole $1.25B 3Y +120, $500M 3Y SOFR+129, $750M 10Y +175
• 06/27 $2.25B *British Columbia 10Y SOFR+70
• 06/27 $2.25B #Rep of Chile $1.15B +12Y +123, $1.1B +30Y +148
• 06/27 $500M *Korea Gas 5Y +88
• 06/27 $500M *Mitsubishi 5Y +100
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• $6.67B Priced Monday
• 06/26 $2B *Prologis $750M 5Y +105, $750M +10Y +145, $500M 30Y tap +160
• 06/26 $1.5B *ANZ $1B 2Y +65, $500M 2Y SOFR+75
• 06/26 $1.25B *Petrobras Global Finance 10Y 6.625%
• 06/26 $600M *NongHyup Bank 5Y +98
• 06/26 $720M *Viking Cruises 8NC3 9.125%
• 06/26 $600M *Hyatt 3.5Y +145
• 06/26 $Benchmark Mitsubishi 5Y notes investor calls
• 06/23 No new high-grade corporate debt issuance Friday, $18.65B priced on the week
• $5.8B Priced Thursday
• 06/22 $4.25B *Nasdaq $500M 2Y +90, $1B 5Y +135, $1.25B +10Y +175, $750M 30Y +210, $750M 40Y +225
• 06/22 $1B *BBVA Mexico 15NC10 8.45%
• 06/22 $550M *COSAN Luxembourg 2030 note, 7.5%
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• $5.75B Priced Wednesday
• 06/21 $3B *Hyundai Capital AM $750M 2Y +115, $750M 3Y +145, $1B 5Y +178, $500M 7Y +188
• 06/21 $2B *Export Development Canada 3Y SOFR+25
• 06/21 $750M *Element Fleet 3Y +200
• 06/21 $Benchmark Bank of Montreal 5Y SOFR+92a (issuance/pricing timing uncertain)
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• $7.1B Priced Tuesday
• 06/20 $1.85B #General Motors $1.35B 5Y +185, $500M 10Y Tap +235
• 06/20 $1.5B #Barclays 11NC10 +340
• 06/20 $1.25B #Sempra Energy $550M 3Y +123, $700M 10Y +180
• 06/20 $1B #CBRE Services 11Y +245
• 06/20 $1B #Federal Farm Credit Bank 3Y +10
• 06/20 $500M #Inversiones CMPC WNG 10Y +240
• 06/20 $2.7B Civitas investor calls, $1.35B each: 5NC2, 8NC3
• 06/20 $Benchmark Nasdaq filing to issue US$ & Euro-denominated debt to fund Adenza acquisition
• 06/16 No new issuance Friday after only $8.675B total priced on the week
• $1.075B Priced Thursdaya
• 06/15 $575M *Peco Energy WNG 10Y +150a
• 06/15 $500M *Bank of China NY 3Y +45
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• 06/14 $Benchmark issuance on hold ahead FOMC, $7.6B Priced Mon-Tue
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• $850M Priced Tuesday
• 06/13 $850M *Duke Energy $350M 2033 tap+130, $500M +30Y +150
• $6.75B Priced Monday
• 06/12 $2.75B *Intesa Sanpaolo $1.25B 10Y +290, $1.5B 31NC30 +390
• 06/12 $2B *HSBC 11NC10 +280
• 06/12 $1B *Cox Communications $500M +5Y +155, $500M 10Y +197
• 06/12 $500M *Aviation Capital Grp 7Y +273
• 06/12 $500M *Global Atlantic 10Y +450
• 06/09 No new issuance Friday; $57.95B total on week
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• $4.95B Priced Thursday
• 06/08 $2.2B #Handelsbanken $700M 3Y +112.5, $500M 3Y SOFR+125, $1B 5Y +175
• 06/08 $1.25B #NatWest 6.25NC5.25 +195
• 06/08 $1B #Finnerva PLC WNG 2028 SOFR+47
• 06/08 $500M #Santander 6NC5 +285a
• ?? 06/08 $1B Kommuninvest WNG 2Y SOFR+29
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• $16.55B Priced Wednesday; $53B/wk
• 06/07 $3.5B *US Bancorp $1.75B 6NC5 +185, $1.75B 11NC10 +205
• 06/07 $3.5B *PNC Financial $1B 3NC2 +127, $2.5B 6NC5 +167
• 06/07 $1.5B *National Grid $700M 5Y +167, $800M 10Y +202
• 06/07 $1.5B *Aker BP $500M 5Y +170, $1B 10Y +225
• 06/07 $1.5B *Vale Overseas 10Y +245
• 06/07 $1.25B *Swedbank 3Y +125, $400M 3Y SOFR+138
• 06/07 $1B *McKesson Corp $400M 5Y +102, $600M 10Y +140
• 06/07 $1B *Swedish Export Credit 5Y SOFR+53
• 06/07 $650M *ASB Bank 3Y +115
• 06/07 $600M *Mass Mutual 5Y +115
• 06/07 $550M *Brookfield Capital 10Y +230
• $14B Priced Tuesday, $36.45B/wk
• 06/06 $4B *ADB {Asian Development Bank) $2B 2Y SOFR+23, $2B 10Y SOFR+49
• 06/06 $2.5B *NAB (National Australia Bank) $850M 2Y +70, $650M 2Y SOFR+76, $1B 5Y +110
• 06/06 $1.5B *Bacardi Ltd $400M +5Y +140, $700M 10Y +175, $400M 20Y +190
• 06/06 $1.4B *Cheniere Energy 10Y +228
• 06/06 $1.25B *RENTEN (Landwirtschaftliche Rentenbank) 5Y SOFR+35
• 06/06 $1B *Guatemala 2036 bond 6.6%
• 06/06 $1B *MuniFin 2027 SOFR+45
• 06/06 $750M *New York Life 5Y +107
• 06/06 $600M *Fortune Brands 10Y +220
• $22.45B Priced Monday
• 06/05 $3.5B *Capital One $1.75B 6NC5 +248, $1.75B 11NC10 +268
• 06/05 $3.25B *Truist Financial $1.5B 4NC3 +193, $1.75B 11NC10 +218
• 06/05 $2.5B *Deere Capital $600M 2Y +50, $600M 3Y +65, $300M 3Y SOFR+79, $1B 7Y +95
• 06/05 $2.25B *Bank of Nova Scotia $1.1B 2Y +100, $400M $2Y SOFR+109, $750M 5Y +147
• 06/05 $1.75B *Macquarie $700M 3Y +110, $300M 3Y SOFR+124, $750M 11NC10 +220
• 06/05 $1.75B *Ford Motor Cr $900M 3Y 6.95%, $850M 7Y 7.2%
• 06/05 $1.6B *Burlington Northern 30Y +130
• 06/05 $1.5B *BNP Paribas 6NC5 +150
• 06/05 $1.5B *Dollar General $500M 5Y +137, $1B 10Y +177
• 06/05 $1.35B *ANZ Bank 3Y SOFR+73
• 06/05 $800M *HP Enterprise $250M 2024 Tap +105, $550M 5Y +145
• 06/05 $700M *Northwestern Mutual 5Y +107
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• $4.25B Priced Thursday, no new issuance Friday.
• 06/01 $2.5B #Pacific Gas & Electric $850M +5Y +240, $1.15B 10Y +280, $500M 30Y +315
• 06/01 $1.75B #CIBC 5Y SOFR+92

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