April 03, 2024 18:39 GMT
US$ Credit Supply Pipeline
- Date $MM Issuer (Priced *, Launch #)
- 4/3 $6B *World Bank $3B 2Y +17, $3B 7Y +48
- 4/3 $2B #Engie $750M 5Y +100, $750M 10Y +128, $500M 30Y +148
- 4/3 $2B *Rakuten 5NCL 9.875%
- 4/3 $1.5B #Ontario Teachers Finance 5Y +61
- 4/3 $1.5B #Anglo American Capital $1B 10Y +145, $500M 30Y +160
- 4/3 $1.3B #Rep of Colombia $650M 2035 7.55%, $650M 2053 tap 8.15%
- 4/3 $1.25B #Kingdom of Belgium 30Y +39
- 4/3 $1B *DBJ 5Y SOFR+55
- 4/3 $600M #Nexa 10Y +240
- 4/3 $500M #Mutual of Omaha 3Y +85
- $10.45B Priced Tuesday, $19.75B/wk
- 4/2 $4.25B *TotalEnergies Capital $1.25B 10Y +80, $1.75B 30Y +100, $1.25B 40Y +115
- 4/2 $3.5B *Enbridge $750M 3Y +75, $750M 5Y +95, $1.2B 10Y +128, $800M 30Y +145 (3Y SOFR dropped)
- 4/2 $1.2B *MassMutual $850M 3Y +60, $350M 3Y SOFR+74
- 4/2 $1.5B *Amphenol $450M 3Y +57, $450M 5Y +72, $600M 10Y +90
- 4/2 $Benchmark Development Bank of Kazakhstan 3Y investor calls
- $9.3B Priced Monday
- 4/1 $2.5B *GM Financial $1.25B +5Y +123, $1.25B 10Y +163 (5Y SOFR dropped)
- 4/1 $2B *Adobe $500M 3Y +35, $750M 5Y +50, $750M 10Y +65
- 4/1 $1.2B *Public Service Co of Colorado $450M 10Y +105, $750M 30Y +130
- 4/1 $1.1B *Analog Devices $550M 10Y +75, $550M 30Y +87
- 4/1 $750M *Canadian Imperial Bank (CIBC) 5Y +93
- 4/1 $500M *Arrow Electronics 10Y +155
- 4/1 $1.25B Rakuten 5NCL investor calls
Total high grade issuance for 2023 at $1.560T - compares to $1.463T total for 2022.
| Mar'24 | $186.625B |
| 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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