US$ Credit Supply Pipeline

• Date $MM Issuer (Priced *, Launch #)
• $6.5B Priced on week, total August issuance $79.45B
• 08/31 $1.5B Quebec 10Y SOFR+72
• 08/30 $5B KFW 3Y SOFR+25
• 08/25-08/29 No new US$ issuance, $14.05B on week
• 08/24 $750M *Japan Finance Org for Municipalities (JFM) 3Y SOFR+62
• $5.85B Priced Wednesday, $13.3B/wk
• 08/23 $4B *Asian Development Bank (ADB) 5Y SOFR+35
• 08/23 $1.25B *Kommunalbanken Norway 5Y SOFR+44
• 08/23 $600M *Pacific Life 3Y +88
• $6.95B Priced Tuesday
• 08/22 $4B *EIB 5Y SOFR+33
• 08/22 $2.35B *Charles Schwab $1B 3Y +115, $1.35B 11NC10 +180
• 08/22 $600M *DBJ (Development Bank of Japan) 3Y SOFR+62
• $500M Priced Monday
• 08/20 $500M #Pricoa Global Funding 3Y +88
• 08/18 No new US$ issuance Friday, total $10.35B high-grade issuance for the week
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• 08/17 $Benchmark DBJ (Development Bank of Japan) 3Y investor call
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• 08/16 No new US$ corporate bond issuance Wednesday
• $1.35B Priced Tuesday
• 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
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• $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
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• $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
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• $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