March 07, 2024 19:35 GMT
US$ Credit Supply Pipeline
- Date $MM Issuer (Priced *, Launch #)
- 3/7 $2.5B #Bank of NY Mellon $500M 2NC1 SOFR+45, $1B 6NC5 +90, $1B 11NC10 +110
- 3/7 $2B #CaixaBank 1B 6NC5 +160, $1B 11.25NC10.25 +195
- 3/7 $1.1B United Rentals 10NC5 6.125%a
- 3/7 $1.05B #Vici Properties $550M 10Y +175, $500M 30Y +200
- 3/7 $750M Alcoa 7NC3 7.5%a
- 3/7 $750M #Swedbank 5Y +133
- 3/7 $750M Station Casinos 8NC3 6.75%a
- 3/7 $650M #Indianapolis Power & Light WNG 30Y +147
- $8.5B Priced Wednesday, $64.925B/wk
- 3/6 $5B *KFW (Kreditanstalt fuer Wiederaufbau) 3Y SOFR+26
- 3/6 $1.25B *AIIB (Asian Infrastructure Bank) 10Y SOFR+61
- 3/6 $1B *Prudential Financial 30NC10 6.5%
- 3/6 $750M *State of Montenegro 7Y 7.25%
- 3/6 $500M *AES Andes 5Y +220
- $34.5B Priced Tuesday
- 3/5 $8B *State of Israel $2B 5Y +135, $3B 10Y +145, $3B 30Y +175
- 3/5 $4.5B #Barclays $1.25B 4NC3 +135, $500M 4NC3 SOFR+149, $2B 6NC5 +155, $750M 31NC30 +175
- 3/5 $4B *EIB 3Y SOFR+26
- 3/5 $3B *Blackrock Funding $500M 5Y +60, $1B 10Y +87.5, $1.5B 30Y +105
- 3/5 $2.5B *Nestle $600M 5Y +55, $450M 7Y +65, $800M 10Y +75, $650M 30Y+85
- 3/5 $2.5B *Ford Motor Credit $1.6B 5Y +168, $900M 10Y +200
- 3/5 $2.5B *JPMorgan PerpNC5 6.875%
- 3/5 $2B *BBVA $1B 5Y +125, $1B 11NC10 +190
- 3/5 $1.5B *Cheniere Energy 10Y +153
- 3/5 $1B *Microchip 5Y +95
- 3/5 $1B *EBRD 10Y SOFR +53
- 3/5 $1B *Al Rajhi Bank 5Y Sukuk +90
- 3/5 $500M *Doha Bank WNG 5Y +130
- 3/5 $500M *Hormel WNG 3Y +50
- 3/5 $Benchmark Goldman Sachs investor calls
- $21.925B Priced Monday
- 3/4 $3.875B *Roche $875B 5Y +58, $750M 7Y +68, $1.25B 10Y +77, $1B 30Y +87
- 3/4 $3B *Keurig $750M 3Y +75, $350M 3Y SOFR+88, $750M 5Y +90, $500M 7Y +100, $650M 10Y +110
- 3/4 $2.6B *John Deere $450M 2Y +37.5, $750M 2Y SOFR+44, $550M 3Y +50, $850M 7Y +70
- 3/4 $2.35B *Credit Agricole $1B 3Y +75, $600M 3Y SOFR+87, $750M 10Y +115
- 3/4 $2B *Newmont Corp $1B 2Y +70, $1B 10Y +117
- 3/4 $1.3B *American Tower $650M 5Y +107, $650M 10Y +132
- 3/4 $1.25B *CBA (Commonwealth Bank of Australia) 10Y +162
- 3/4 $1.2B *Entergy Louisiana $500M 10Y +115, $700M 30Y +1353/4 $1B *Chubb 10Y +82
- 3/4 $1B *Dell International 10Y +120
- 3/4 $750M *Element Fleet 3Y +125
- 3/4 $600M *Sixth St Lending Partners 5Y +255
- 3/4 $1B *USA Compression Partners 5NC2 7.125%
Total high grade issuance for 2023 at $1.560T - compares to $1.463T total for 2022.
| Feb'24 | $254.2B |
| Jan'24 | $295.35B, highest since April 2020 |
| Dec'23 | $28.1B; $1.560T total of 2023 vs. $1.463T for 2022 |
| Nov'23 | $131.7B |
| Oct'23 | $108.3B |
| Sep'23 | $165.25B; $348.775B Q3 |
| Aug'23 | $79.45B |
| Jul'23 | $104.075B |
| Jun'23 | $113.195B; $403.605B Q2 |
| May'23 | $168.22B |
| Apr'23 | $122.19B |
| Mar'23 | $122.05B; $540.175B Q1 |
| Feb'23 | $186.7B |
| Jan'23 | $231.425B |
| Dec'22 | $7.75B; $1.463T total for 2022 vs. $1.879T in 2021 |
| 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 ; $1.879T total for 2021 vs. Record $2.197T total for 2020 |
| 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 $2.197T total for 2020 |
| Dec'20 | $52.24B |
| Nov'20 | $126.83B |
| Oct'20 | $111.65B |
| Sep'20 | $207.82B |
| Aug'20 | $204.50B |
| Jul'20 | $93.50B |
| Jun'20 | $180.50B |
| May'20 | $270.90B |
| Apr'20 | $401.32B |
| Mar'20 | $275.48B |
| Feb'20 | $107.50B |
| Jan'20 | $165.18B |
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