July 25, 2024 17:38 GMT
US$ Credit Supply Pipeline
- Date $MM Issuer (Priced *, Launch #)
- 7/25 $1B *IADB 5Y SOFR+37
- $5.45B Priced Wednesday, $30.85B/wk
- 7/24 $2B *Capital One 6NC5 $1B +130, $1B 11NC10 +160
- 7/24 $1.85B *Whistler Pipeline $400M $5Y +125, $500M 7Y +150, $825M 10Y +170
- 7/24 $1B *Export Development Canada 4Y SOFR+33
- 7/24 $600M *Empresa Del Petroleo 10Y +187
- $18.5B Priced Tuesday
- 7/23 $12B *United Health $650M 2Y +35, $500M 2Y FRN+50, $1.25B 5Y +65, $1.5B 7Y +80, $2B 10Y +90, $1.5B 20Y +100, $2.75B 30Y +115, $1.85B 40Y +13
- 7/23 $5B *Occidental Petroleum $600M 3Y +75, $1.2B 5Y +105, $1B 7Y +120, $1.2B 10Y +135, $1B 30Y +160
- 7/23 $1.5B *Citigroup PerpNC10 7%
- $6.9B Priced Monday
- 7/22 $3.4B *American Express $1.2B 4NC3 +75, $500M 4NC3 SOFR+93, $1.7B 11NC10 +103
- 7/22 $1.25B *Kinder Morgan $500M 5Y +95, $750M 30Y +150
- 7/22 $1B *Nationwide BS 5Y +95
- 7/22 $750M *Ally Financial 11NC10 +192
- 7/22 $500M *Korea Hydro & Nuclear Power 5Y +70
- 7/19 No new US$ issuance Friday after $51.25B total priced on week
- $7.1B Priced Thursday
- 7/18 $2.5B *PNC Financial $1B 3NC2 +65, $1.5B 11NC10 +122
- 7/18 $1.25B *Citizens Financial 8NC7 +160
- 7/18 $1.25B *US Bancorp 6NC5 +100
- 7/18 $1.1B *Prologis $700M 10Y +95, $400M 2054 Tap +110
- 7/18 $1B *Abu Dhabi Future Energy Co $500M 5Y +95, $500M 10Y +115
- $18.55B Priced Wednesday
- 7/17 $8B *Morgan Stanley $1.5B 4NC3 +77, $1B 4NC3 SOFR+94, $2.25B 6NC5 +97, $3.25B 11NC10 +117
- 7/17 $3B *Greensaif Pipelines $1.4B 12Y +170, $1.6B 18Y +195
- 7/17 $2.7B *World Bank (IBRD) $2B 3Y SOFR+27, $700M 2031 Tap SOFR+45
- 7/17 $2.5B *Blackrock Funding $800M 3Y +40, $500M +10Y +80, $1.2B +30Y +100
- 7/17 $850M *State Street PerpNC5 6.7%
- 7/17 $1Y *Gvt of Hong Kong 3Y 12
- 7/17 $500M *Mitsubishi 5.25Y +110
- $7.5B Priced Tuesday
- 7/16 $5.5B *Goldman Sachs $2.5B 6NC5 +97, $3B 11NC10 +117
- 7/16 $2B *Wells Fargo PerpNC5 6.85%
- 7/16 $Benchmark Mitsubishi 5.25Y investor calls
- 7/16 $Benchmark Gvt of Hong Kong investor calls
- $18.1B Priced Monday
- 7/15 $9B *JP Morgan $2B 4NC3 +75, $750M 4NC3 SOFR+93, $2.75B 6NC5 +87, $3.5B 11NC10 +107
- 7/15 $3.25B *RBC $1.25B 3NC2 +63, $700M 3NC2 SOFR+79, $1.3B 6NC5 +85
- 7/15 $2.5B *Bank of NY Mellon $600M 4NC3 +65, $300M 4NC3 SOFR+83, $1.1B 8NC7 +90, $500M 15NC10 +138
- 7/15 $2.25B *PepsiCo $850M 5Y +40, $650M 10Y +60, $750M 30Y +80
- 7/15 $600M *NongHyup Bank $300M 3Y SOFR+80, $300M 5Y +68
- 7/15 $500M *Aircastle 7Y +165
- 7/11-7/12 No new US$ corporate debt issuance Thursday-Friday, $30.25B total on week
- $7.75B Priced Wednesday
- 7/10 $6B *Saudi Aramco $2B each: 10Y +105, 30Y +145, 40Y +155
- 7/10 $1.25B *Banque Federative du Credit Mutuel (BFCM) $750M 3.5Y +80, $500M 3.5Y SOFR+107
- 7/10 $500M *Mitsubishi 10Y +93
- $8B Priced Tuesday
- 7/9 $2.5B *IADB 10Y SOFR+56
- 7/9 $1.75B *Turkiye 8Y 7.3%
- 7/9 $1.5B *JBIC 3Y SOFR+44
- 7/9 $1B *CCB HK 3Y SOFR+55
- 7/9 $750M *Bank of Montreal 60NC10 7.3%
- 7/8 $500M *Panasonic 10Y +100
- 7/9 $Benchmark TD Bank 3Y SOFR+63a
- $14.5B Priced Monday
- 7/8 $5B *Broadcom $1.25B 3Y +65, $2.25B 5Y +85, $1.5B 7Y +95
- 7/8 $3.75B *Santander 4NC3 +95, 4NC3 SOFR+112, 7Y +120
- 7/8 $2B *ANZ $750M 3Y +50, $1.25B 3Y SOFR+68
- 7/8 $1.75B *American Honda $700M 3Y +55, $300M 3Y SOFR+71, $750M 7Y +83
- 7/8 $1B *Athene $500M 3Y +95, $500M 7Y +130 (3Y SOFR leg dropped)
- 7/8 $1B *Kraton 3Y +85
- 7/3-7/5 No new issuance Wednesday through Friday, $12.5B total issued on wk
- $9B Priced Tuesday,
- 7/2 $4.5B *Sumitomo Mitsui Bank (SMBC) $750M 5Y +93, $500M 5Y SOFR+117, $900M 7Y +103, $1.35B 10Y +113, $1B 20Y +113
- 7/2 $4B *EIB 7Y SOFR+46
- 7/5 $500M *ANZ Bank WNG 10NC5 +150
- July kicked off with $3.5B debt offering
- 7/1 $3.5B *BGK $1.75B 10Y +140, $1.75B 30Y +165
- 6/28 No new US$ debt issuance Friday, $39.1B total priced on week
| Jun'24 | $122.875B |
| May'24 | $160.85B |
| Apr'24 | $159.33B total for the month |
| Mar'24 | $186.625B; $736.175B Q1 |
| 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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