April 17, 2024 17:54 GMT
US$ Credit Supply Pipeline
- Date $MM Issuer (Priced *, Launch #)
- 4/17 $8B #Morgan Stanley $1.5B 4NC3 +90, $1B 4NC3 SOFR+102, $2.5B 6NC5 +105, $3B 11NC10 +125
- 4/17 $3B *KFW 2Y +16
- 4/17 $2.5B #Province of British Colombia 5Y SOFR+51
- 4/17 $1B #RBC 60NC5 7.5%
- 4/17 $1.25B Jane Street 7NC3 investor calls
- $14.05B Priced Tuesday, $30.75B/wk
- 4/16 $5B *EIB 5Y SOFR+36
- 4/16 $2.25B *Goldman Sachs perpNC5 7.5%
- 4/16 $1.5B *ZF North America $800M 6Y 6.75%, $700M 8Y 6.875%
- 4/16 $1.5B *JFM 5Y SOFR+65
- 4/16 $1.5B *Sunoco $750M 5NC2 7%, $750M 8NC3 7.25%
- 4/16 $1B *MuniFin 3Y SOFR+33
- 4/16 $700M *Johnson Controls 5Y +87.5
- 4/16 $600M *KEB Hana Bank $300M 3Y +70, $300M 5Y +78
- 4/16 $Benchmark Province of Ontario 10Y SOFR+78
- $16.7B Priced Monday
- 4/15 $9B *JP Morgan $2.5B 4NC3 +80, $750M 4NC3 SOFR+92, $2.75B 6NC5 +95, $3B 11NC10 +115
- 4/15 $4.25B *Wells Fargo $3.25B 4NC3 +95, $1B 4NC3 SOFR+107
- 4/15 $2.05B *EDF (Electricite de France) $650M 5Y +105, $650M 10Y +135, $750M 40Y +185
- 4/15 $1.4B *Eversource Energy $700M 7Y +120, $700M 10Y +135
- 4/12 No new US$ Corporate issuance Friday, $25.48B/wk
- $6.05B Priced Thursday
- 4/11 $2B *RWE $1B 10Y +135, $1B 30Y +160
- 4/11 $1.8B *Transocean $900M 5NC2 8.25%, $900M 7NC3 8.5%
- 4/11 $1.5B *Jefferies 10Y +165
- 4/11 $750M *Blue Owl Finance 10Y +190
- 4/11 $Benchmark KEB Hana Bank 3Y/5Y Investor calls
- 4/11 $Benchmark Ford Otosan 5Y Investor calls
- 4/11 $Benchmark Puma Energy Investor calls
- $3B Priced Wednesday
- 4/10 $1.5B *Rentenbank 5Y SOFR+35
- 4/10 $1B *FHLB 3Y Global +7
- 4/10 $500M *Engie Chile 10Y +225a
- 4/10 $Benchmark Blue Owl Finance investor calls
- $10.68B Priced Tuesday
- 4/9 $5.5B *Diamondback $850M 3Y +65, $850M +5Y +80, $1.3B 10Y +107, $1.5B 30Y +127, $1B 40Y +142
- 4/9 $1.32B *Nippon Life 30NC10 5.95$
- 4/9 $1B *JBIC 10Y SPFR+69
- 4/9 $1B *Public Storage $700M 3Y SOFR+70, $300M 2053 Tap +97
- 4/9 $760M *Aegon 3Y +100
- 4/9 $600M *TD Synnex 10Y +175
- 4/9 $500M *Vistra Operation 10Y +165
- 4/9 $Benchmark Jefferies investor calls
- $5.75B Priced Monday
- 4/8 $2.5B *MUFG $900M 6NC5 +82, $1.6B 11NC10 +100
- 4/8 $1.25B *Nuveen $500M +5Y +115, $750M 10Y +145
- 4/8 $1B *John Deere Capital 10Y +70
- 4/8 $500M *Met Tower Global 5Y +87
- 4/8 $500M *Shinhan Bank 10Y +140
- Investor calls:
- 4/8 $1.25B Endo Finance Holdings 7NC3
- 4/8 $Benchmark Nippon Life 30NC10
- 4/8 $Benchmark Aegon 3Y
- 4/8 $Benchmark RWE 10Y/30Y
- 4/8 $Benchmark Goodman Group
- 4/9 $Benchmark LG Electronics 3Y/5Y
- 4/5 No new US$ issuance Friday, $38.5B priced on week
- $1.1B Priced Thursday
- 4/4 $600M *Brighthouse Financial Global 3Y +105
- 4/4 $500M *Development Bank of Kazakhstan (DBK) 3Y 5.6% (in conjunction with KZT500B 3Y yielding 13.25%)
- $17.65B Priced Wednesday, $37.4B/wk
- 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 *Mutualk of Omaha 3Y +85
- $10.45B Priced Tuesday
- 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
3/28 No new corporate issuance Thursday, Friday closed for Good Friday. Total issuance for March '24 at $186.625B
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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