Free Trial

US$ Credit Supply Pipeline

  • Date $MM Issuer (Priced *, Launch #)
  • 08/15 $750M #PNC Financial 11NC10 +173
  • 08/15 $600M #Jacobs 5Y +200
  • $9B Priced Monday
  • 08/14 $5B *Bank of America $2B 2Y +70, $400M 2Y SOFR+78, $2B 3Y +90, $600M 3Y SOFR+102
  • 08/14 $2B *Fiserv Inc $700M 5Y +108, $1.3B 10Y +155
  • 08/14 $1.25B *Huntington Bancshares 6NC5 +185
  • 08/14 $750M *Otis Worldwide 5Y +98
  • 08/11 No new US$ issuance Friday, total $33.5B high-grade issuance for the week

  • $8.5B Priced Thursday
  • 08/10 $5.25B *Oneok $750m 3Y +105, $750m 5Y +145, $500m 7Y +165, $1.5b 10Y +195, $1.75b 30Y +240
  • 08/10 $3B *Celanese US Holdings $1B 5Y +215, $1B 7Y +240, $1B 10Y +260
  • $2.6B Priced Wednesday
  • 08/09 $2B *McDonald's $600M 5Y +68, $600M 10Y +98, $800M 30Y +128. Compares to last year's $1.5B issuance on September 9, McDonald's issued $750M 10Y +133, $750M 30Y +168
  • 08/09 $600M *Toyota Motor Credit 3Y +60
  • $8.2B Priced Tuesday
  • 08/08 $3B *BMW US $800M 2Y +55, $600M 2Y SOFR+62, $1B 5Y +95, $600M 10Y +115
  • 08/08 $2.7B *Conoco Phillips $1B 10Y +105, $1B 30Y +135, $700M 40Y +150
  • 08/08 $1.5B *Ingersoll Rand $500M 5Y +137, $1B 10Y +177
  • 08/08 $1B *Virginia Electric and Power $400M 10Y +128, $600M 30Y +150
  • $14.2B Priced Monday
  • 08/07 $3B *HSBC $2.3B 4NC3 +145, $700M 4NC3 SOFR+157
  • 08/07 $2.95B *Thermo Fisher $600M 3Y +50, $750M 7Y +85, $1B 10Y +100, $600M 20Y +98
  • 08/07 $2.75B *Goldman Sachs $2.25B 3NC2 +103, $500M 3NC2 SOFR+106.5
  • 08/07 $1.5B *BNP Paribas PerpNC5 8.5%
  • 08/07 $1.25B *Williams Cos $350M 3Y +87.5, $900M 5Y +118
  • 08/07 $1.15B *Caterpillar $800M 2Y +40, $350M 2Y SOFR+45.5
  • 08/07 $1B *ANZ 5Y +120
  • 08/07 $600M *San Diego Gas & Electric 5Y +90
  • 08/04 No new issuance Friday, $15.05B total issued on week

  • $2.25B Priced Thursday
  • 08/03 $900M #Public Service Electric & Gas $500M 10Y +103, $400M 30Y +115
  • 08/03 $750M #NY State Electric & Gas $350M 5Y +140, $400M 10Y +168
  • 08/03 $600M #PACCAR Financial $300M 3Y +50, $300M 5Y +70
  • $12.2B Priced Wednesday
  • 08/02 $5B #Wells Fargo $2B 2Y +72, $400M 2Y SOFR+80, $2.2B 3Y +92, $400M 3Y SOFR+106
  • 08/02 $1.6B #Daimler Truck $600M 2Y +73, $500M 5Y +118, $500M 10Y +150
  • 08/02 $1B #Columbia Pipelines HoldCo $300M 3Y +150, $700M 5Y +180
  • 08/02 $4.6B #Columbia Pipelines OpCo $750M 7Y +175, $1.5B 10Y +195, $600M 20Y +212.5, $1.25B 30Y +235, $500M 40Y +252
  • $600M Priced Tuesday
  • 08/01 $600M Booz Allen Hamilton 10Y +203
  • 08/01 $500M TriNet Group 8NC3 investor call

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

Jul'23$104.075B
Jun'23$113.195B
May'23$168.22B
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.