US$ Credit Supply Pipeline

Date $MM Issuer (Priced *, Launch #)

$4.9B Priced Thursday; $36.54B/wk, $126.455B Running total for October
10/31 $1.5B *Martin Marietta $750M 10Y +97, $750M 30Y +117
10/31 $1.25B *New Development Bank 3Y SOFR+80
10/31 $1B *Ford Motor Cr 7Y +183
10/31 $600M *Horizon Mutual Holdings 10Y +195
10/31 $550M *Edison Int +7Y +105

$18.05B Priced Wednesday
10/30 $7.25B *Marsh McLennan $950M 3Y +45, $300M 3Y SOFR+70, $1B +5Y +55, $1B 7Y +65, $2B +10Y +75, $500M 20Y +75, $1.5B +30Y +95
10/30 $5.2B *Waste Management $1B +3Y +45, $700M +5Y +55, $750M +7Y +65, $1.5B +10Y +75, $1.25B 30Y +87.5
10/30 $3B *Philip Morris $750M 3Y +50, $750M 5Y +65, $750M 7Y +80, $750M 10Y +92
10/30 $1B *Kingdom of Belgium WNG 10Y +64
10/30 $600M Marex Group 5Y +225
10/30 $500M *CenterPoint Energy WNG +10Y +83
10/30 $500M *Swedish Export Credit 2.5Y SOFR+35

$5.35B Priced Tuesday
10/29 $1.25B *Newell Brands $750M 5.5NC 6.375%, $500M 7.5NC 6.625% 
10/29 $1.25B *Beacon Funding Trust 30Y +175
10/29 $1B *Garda World Security Corp 8NC3
10/29 $850M *Hyundai Capital AM 3Y +80 (SOFR leg dropped)
10/29 $500M *Centerpoint Energy 30.5NC5.25 6.7%
10/29 $500M *Synovus 6NC5 +205
10/29 $Benchmark Horizon Mutual investor calls
10/29 $Benchmark Marsh & McLennan investor calls

$8.24B Priced Monday
10/28 $3.64B *Colombia $2B 12Y 7.8%, $1.64B 30Y 8.5%
10/28 $1.5B *Amphenol $250M Tap 2027 +45, $750M +10Y +78, $500M 30Y +95
10/28 $1.5B *DNB Bank $1.15 6NC5 +75, $350M 6NC5 SOFR+106
10/28 $1.1B *Aeromexico $500M 5NC2 8.375%, $610M 7NC3 8.75%
10/28 $500M *CIBC 60.25NC5.25 6.95%

10/28 $Benchmark Synovus investor calls
10/28 $Benchmark Liberty Mutual investor calls
10/28 $Benchmark Trans-Oil Group 5NC2 investor calls

10/24-25 No new US$ corporate issuance Thursday/Friday, $13.45B total priced on week

$2B Priced Wednesday
10/23 $1B *Kommunivest WNG 2026 SOFR+29
10/23 $1B *IFFIm 3Y SOFR+43

$8.7B Priced Tuesday
10/22 $3.5B *Bank of America 11NC10 +132
10/22 $5.2B *Elevance Health $350M 2Y +48, $750M +5Y +80, $750M 7Y +90, $1.2B +10Y +105, $1.35B +30Y +125, $800M 40Y +138

$2.75B Priced Monday
10/21 $1.75B *American Honda $750M 3Y +53, $300M 3Y SOFR+72, $700M 7Y +80
10/21 $1B *P&G $500M 5Y +22, $500M 10Y +37

10/18 No new issuance Friday, $30.775B/ total last wk

$6.2B Priced Thursday
10/17 $2.3B *State Street $1.2B 3Y +43, $300M 3Y SOFR+64, $800M 8NC7 +68
10/17 $1.75B *US Bank $1.25B 3NC2 +52, $500M 3NC2 SOFR+69
10/17 $1.15B *Jane Street Group 8NC3 +6.125%
10/17 $1B *RBC 60NC10 6.35%

$16.575B Priced Wednesday
10/16 $5.75B *Morgan Stanley 3NC2 +52, $1B 3NC2 SOFR+68.5, $3B 6NC5 +82
10/16 $5.5B *Goldman Sachs $2.5B 6NC5 +85, $3.5B 11NC10 +100
10/16 $1.75B *Ecopetrol +7Y 7.8%
10/16 $1.5B *PNC Financial 8NC7 +90
10/16 $925M NRG Energy 
10/16 $650M *Export Financing Australia 5Y SOFR+46
10/16 $500M *Antares Holdings 5Y +260

10/15 $8B JP Morgan $2B 4NC3 +65, $500M 4MC3 SOFR+86, $2.5B 6NC5 +75, $3B 11NC10 +92

10/14 No new issuance

10/10-10/11 No new corporate issuance Thursday-Friday, $30.54B/wk

$7.15B Priced Wednesday
10/09 $1.8B *Cleveland-Cliffs $900M 5NC2 6.875%, $900M 8.5NC3.5 7.375%
10/09 $1.25B *Rabobank $750M 5Y +60, $500M 5Y SOFR+89
10/09 $1B *Navoi Mining WNG $500M 4Y 6.7%, $500M 7Y 6.95%
10/09 $850M *Braskem 10Y 8%
10/09 $750M *Ares Mngmt 30Y +130
10/09 $500M *Dubai Islamic Bnk PerpNC6 5.25
10/09 $500M *Jefferies Finance 7NC3 6.625%
10/09 $500m *Kexim (Imp/Exp Bank of Korea) 3Y +36

$16.2B Priced Tuesday
10/08 $5B *World Bank 5Y +39
10/08 $4.7B *Royal Bank of Canada $750M 3NC2 +55, $650M 3NC2 SOFR+72, $850M 4NC3 +65, $450M 4NC3 SOFR+86, $2B 6NC5 +80
10/08 $1.5B *NWB 2Y SOFR+33
10/08 $1.5B *Standard Chartered 6NC5 +115
10/08 $1.25B *Islamic Development Bank5Y SOFR+50
10/08 $1B *KDB (Korea Development Bank) WNG 3Y SOFR+60
10/08 $750M *Sharjah 10.5Y +140
10/08 $500M *Norinchukin Bank 5Y +123

$7.19B Priced Monday
10/07 $3B *Toyota Motor Cr $1B 1.5Y SOFR+45, $1.25B 3Y +47, $750M 7Y +72
10/07 $1.44B *Chile Electricity Lux 11Y +165
10/07 $1.25B *KBC Group 6NC5 +107
10/07 $900M *Eastern Energy Gas 30Y +135
10/07 $600M *Athene 30NC10 6.625%

10/04 No new US$ corporate issuance Friday, $15.15B total on wk

$5.1B Priced Thursday
10/03 $1.5B *National Bank of Canada 5Y +92
10/03 $1.5B *Kazakhstan +10Y +88
10/03 $600M *Athene Global Funding 5Y +110
10/03 $500M *Apollo Global 30NC10 6%
10/03 $500M *McCormick & Co WNG 10Y +90
10/03 $500M *Ooredoo Int Finance WNG 10Y +80

$7.55B Priced Wednesday, $14.05/wk
10/02 $1.75B *Canada Pension Plan (CPPIB) 3Y SOFR+45
10/02 $1.75B *Taqa $900M 7Y +85, $850M +12Y +105
10/02 $1.1B *Caesars Entertainment 8NC3 6%
10/02 $1B *MuniFin 5Y SOFR+46
10/02 $750M *Nama 7Y Sukuk +165
10/02 $600M *Keysight 10Y +118
10/02 $600M *Goodman US Finance 10Y +140

$6.5B Priced Tuesday
10/01 $5B *Accenture Capital $1.1B 3Y +42, $1.2B 5Y +57, $1.2B 7Y +67, $1.5B 10Y +77
10/01 $1.5B *Dell International $700M +5Y +85, $800M +10Y +115
10/01 $1.4B *Latam Airlines 6Y 7.875%
10/01 $1.25B *Alaska Airlines $625M 5Y +150, $625M 7Y +170
10/01 $750M *Ferguson Ent 10Y +127
10/01 $600M *IADB 2029 Tap SOFR+37
10/01 $500M *F&G Annuities & Life 10Y +260
10/01 $500M *Africa Finance Corp WNG 5Y 5.55%

9/30 $3.905B Priced Monday, September wraps up with $224.75B total ($94.625B priced in the first week of the month), $513.125B total for Q3.