US$ Credit Supply Pipeline: Surprise $8B ICE 6Pt Jumbo Launch

• Date $MM Issuer (Priced *, Launch #)
• 05/12 $8B Intercontinental Exchange $1.25B 3Y +95, $1.5B 5Y +125a, $1.25B 7Y +150, $1.5B 10Y +175, 1.5B 30Y +200, $1B 40Y +200
• 05/12 $2.25B *Province of Ontario 5Y SOFR+51
• 05/12 $750M #Willis NA 5Y +185
• 05/12 $500M #Nederlandse Financierings-Maatschappij (FMO) 3Y SOFR+28
• 05/12 $Benchmark NXP Semiconductors 5Y, +10Y
• $1.05B Priced Wednesday; $13B total for week
• 05/11 $550M *ENN Energy 5Y +180
• 05/11 $500M *Korea Expressway 3Y +85
• $11.95B Priced Tuesday
• 05/10 $3.5B *CADES 3Y SOFR+30
• 05/10 $1.75B *Caterpillar Fncl 1.5y SOFR+45, 3Y +65, 3Y SOFR
• 05/10 $1.75B *Albemarle $700M 5Y +175, $600M 10Y +210, $450M 30Y +255
• 05/10 $1.5B *Vistra Operations $400M 2NC1 +225, $1.1B 3Y +237.5
• 05/10 $750M *KKR Grp 10Y +190
• 05/10 $700M *Public Service Co of Colorado $300M 10Y +120, $400M 30Y +145
• 05/10 $500M *Deutsche Bank 3Y +135
• 05/10 $500M *State Street 11NC10 +143
• 05/10 $500M *Ameriprise WNG 10Y +153
• 05/10 $500M *Amcor Flexibles 3Y +120
• 05/09 No new issuance Monday
• 
  
• No new issuance Friday, $16.875B total for week
• $9.325B Priced Thursday
• 05/05 $4B *Capital One $1B 3NC2 +145, $350M 3NC2 SOFR+135, $1.55B 6NC5 +190, $1.1B 11NC10 +220
• 05/05 $1.725B *Southern Co $862.5M WNG 2Y +155, $862.5M WNG 5Y +200
• 05/05 $1.5B *Qualcomm $500M 10Y +120, $1B 30Y +145
• 05/05 $1.1B *Clorox $00M 7Y +138, $600M 10Y +158
• 05/05 $1B *Northern Trust 5Y +100
• 05/04 No new issuance Wednesday, sidelined ahead FOMC
• $3.7B Priced Tuesday, $7.55B/wk
• 05/03 $3B *UBS Group $1.2B 4NC3 +155, $600M 4NC3 SOFR+158, $1.2B 6NC5 +175
• 05/03 $700M *Excel Energy 10Y +167
• $3.85B Priced Monday
• 05/02 $1.85B *Constellation Brands $550M 2Y +90, $600M 5Y +135, $700< 10Y +180
• 05/02 $1.5B *Georgia Power $700M 10Y +175, $800M 30Y +210
• 05/02 $500M *Northern States Power 30Y +148

Total 2021 high-grade corporate US$ issuance at $1.879T 2021 vs. record $2.196T for 2020