US$ High-Grade Credit Supply Pipeline - April 16, 2019

KFW priced, PNC launched

Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:

04/16 $2.75B #Citigroup 6NC5 +95

04/16 $1.5B #PNC Financial 10Y +88

04/16 $4B #Walmart $1.5B 5Y +47, $1.25B 7Y +57, $1.25B 10Y +65

04/16 $1.5B *JP Morgan 30Y +115

04/16 $3B *KFW 2Y flat

04/16 $Benchmark Province of Ontario 3Y +16a

04/? $Benchmark Tokyo Metropolitan Gov 3-7Y US$ or Euro issue chatter

04/? $Benchmark Waste Management

- 

$5.35B priced Monday

04/15 $2.7B *BMW US Capital $750M 3Y fix +60, $300M 3Y FRN L+53, $1B 5Y +80,

$650M 10Y +110

04/15 $400M *Shinhan Bank 10Y tier 2 +157.5

04/15 $2.25B *America Movil $1B 10Y +115, $1.25B 30Y +145

- 

No new issuance Friday; $26.4B priced on week

- 

04/11 $750M DBS Grp (DBSH) 3Y +58a

-

$1.5B priced Wednesday

04/10 $1B *Panama 7Y +140

04/10 $500M *Public Storage 10Y +92

-

$19.25B total priced Tuesday, inaugural Saudi Aramco lead w/$12B

04/09 $12B *Saudi Aramco $1B 3Y +55, $2B 5Y +75, $3B 10Y +105, $3B 20Y +140, $3B

30Y +155

04/09 $2B *Toyota Motor Cr $1.25B 1.5Y FRN L+15, $750M 3Y +38

04/09 $3B *Staples $2B 7NC3 7.5%, $1B 8NC3 10.75%

04/09 $1B *Province of Manitoba 5Y +26

04/09 $750M *DBS Group 3Y +58

04/09 $500M *Waste Connections Inc. 10Y +103

-

$4.9B Priced Monday

04/08 $1.5B *CK Hutchison $750M 5Y +95, $750M 10Y +120

04/08 $1B *LG Chem $500M 5.5Y +95, $500M 10Y +117.5

04/08 $600M United Overseas Bank 10NC5 +150

04/08 $500M *SMBC Aviation Cap 5Y +125

04/08 $500M *Suncorp-Metway 5Y +103

04/08 $400M *Protective Life 5Y +78

04/08 $400M *DPL Inc 10Y +185

- 

no new issuance Friday; $20.5B priced/week

-

$750M priced Thursday

04/04 $750M *AutoZone $300M 5Y +87, $450M 10Y +127

-

$14.1B Priced Wednesday; $19.85B priced on week 

04/03 $6B *Tencent Holdings Ltd $1.25B 5Y +95, $750M 5Y FRN L+91, $500M 7Y +115,

$3B 10Y +145, $500M 30Y +160

04/03 $3B *Lowe's $1.5B 10Y +115, $1.5B 30Y +165

04/03 $1B *IHS Markit $400M 5Y +137, $600M 10Y +180

04/03 $1.25B *GM Fncl long 3Y +128

04/03 $1B *Vinci 10Y +127

04/03 $1B *AIB 6NC5 fix/FRN +195

04/03 $850M *NY Life 5Y +57 (after securing $1B 50Y +160 on Mon)

-

$4.75B Priced Tuesday; $5.75B/wk

04/02 $2B *ING Groep $1B 5Y +130, $1B 10Y +158

04/02 $1B *AIA Group 10Y +118

04/02 $1B *Province of Quebec 5Y +23

04/02 $750M *BOC Aviation 5.5Y +135

- 

$1B priced Monday

04/01 $1B #NY Life 50Y +160

-

$11B Broadcom jumbo 5-part issue stole the show late Friday; $22B total last wk

03/29 $11B Broadcom jumbo $2B 2Y +90, $1.5B 3Y +105, $2B 5Y +155, $2.5B 7Y +205,

$3B 10Y +240

-

$3.1B priced Thursday, $9.1B total for week, well off last eight week pace

03/28 $2.7B Nextera Energy Cap WNG $1B 3Y +75, $900M 5Y +95, $300M 7Y +100,

$500M 10Y +115

03/28 $400M Renaissancere Holdings 10Y +138

-

$1B priced Wednesday

03/27 $1B *Klabin Austria $500M 10Y 5.85%a, $500M 30Y 7.37%

-

$5B Mars multi-tranche lead issuance Tuesday, $7.3B priced

03/26 $5B *Mars 8-part: $600M 6Y +52, $700M 11Y +82, $600M 15Y +122, $700m 20Y

+102,

                        $300M 25Y +110, $900M 30Y +112, $500M 35Y +127, $700M

40Y +137

03/26 $1.3B *NatWest $1B 3.5Y +145, $300M 3.5Y FRN L+140

03/26 $1B *CIBC 5Y +92

-

03/22 $1.5B ADT $750M 5NCL 5.25%, $750M 7NCL 5.75%, 8NCL3 dropped

- 

$6.25B priced Thursday

03/21 $2.25B *Bank of Montreal $1.75B 3Y +65, $500M 3Y FRN L+57

03/21 $1B *Valero Energy 10Y +155

03/21 $1.5B *SocGen 5Y Sr +155

03/21 $1.5B *Brazil 10Y  4.7%

-

Small issuance Wed

03/20 $300M *Webster Financial 10Y +160

-

$4.75B Priced Tuesday; $12.6B/wk

03/19 $2B *RBS 6NC5 fix/FRN +185

03/19 $1.5B *Ingersoll-Rand Luxembourg Fin $400M 7Y +100, $750M 10Y +120, $350M

30Y +150

03/19 $1.25B *Nordea perp NC7 6.625%

-

$7.85B priced Monday

03/18 $3.5B *GlaxoSmithKline Capital $1.5B 3Y fix +50, $1B 5Y +70, $1B 10Y +90

03/18 $1.5B *BNP Paribas PerpNC5 6.625%

03/18 $1B *Target 10Y +78

03/18 $750M *SEB (Skandinaviska Enskilda Banken) 3Y +68

03/18 $700M *Louisville Gas/Kentucky Utilities WNG 26Y, 30Y

03/18 $400M *Kansas City Power $ Light WNG 30Y +115

-

$2.25B Priced Friday, JPM issued late

03/15 $2.25B *JP Morgan 4NC3 fix/FRN +80

-

No new issuance Thursday

-

$5.35B priced Wed, $25.85B/wk

03/13 $2.5B *Citigroup 11NC10 +137.5

03/13 $1.5B *United Parcel Service $750M 10Y +80, $750M 30Y +125

03/13 $1B *MuniFin WNG 5Y +14

03/13 $350M *Entergy Arkansas WNG 30Y +123

-

$15.7B priced Tuesday, $20.5B/wk

03/12 $5B *Bank of America $2.25B 6NC5 +105, $2.75B 31NC30 +135

03/12 $4.5B *World Bank 5Y +6

03/12 $1.25B *SunTrust Bank 5Y +80

03/12 $600m *American International Group (AIG) WNG 10Y +168

03/12 $750M *Kommunalbanken 2Y FRN L+4

03/12 $1.25B *American Tower $650M 5Y +103, $600M 10Y +148

03/12 $1.1B *Southern California Edison $500M 10Y +165, $600M 30Y +190

03/12 $750m *ANZ New Zealand 5Y +100

03/12 $500m *Ameriprise Financial WNG 3Y +68

-

$4.8B priced Monday

03/11 $2B *BB&T $1.35B 3.25Y +60, $650m 10Y +125

03/11 $1.25B *Oneok Inc. WNG 10Y +175, 30Y +223

03/11 $950m *Relx Capital 10Y +150

03/11 $600m *Dominion Energy 10Y +123, 30Y +158

-

No new issuance Friday; $46.92B on week, Wed's $12B Qatar 3-part lead

-

$1.5B priced Thursday, Citibank SOFR

03/07 $500M *Quest Diagnostics WNG 10Y +160

03/07 $1B *Citibank 2NC1 FRN SOFR+60

-

$20.37B Priced Wednesday, $45.42B/wk

03/06 $12B *Qatar $2B 5Y +90, $4B 10Y +135, $6B 30Y +175

03/06 $4.5B *Dell Int $1.5B 5Y +160, $1.75B long 7Y +235, $1.75B long 10Y +270

03/06 $850M *Marriott Int $300M 2Y FRN L+65, $550M 5Y +120

03/06 $750M *Berkshire Hathaway Finance 30Y Tap +115

03/06 $525M *Entergy Louisiana WNG 31Y +117

03/06 $500M *Cimarex 10Y +170

03/06 $400M *Public Srvc Co of Colorado WNG 30Y +103

03/06 $500M *Delta Air Lines $425m 5Y 1st lien +70, $75m 5Y 2nd lien +90

03/06 $350M *KeyBank Ntnl Assn WNG 10Y +125

-

$11.6B priced Tuesday, $25.05B/wk

03/05 $5B *Merck & Co $750m 5Y +43, $1.75B 10Y +75, $1B 20Y +90, $1.5B 30Y +100

03/05 $1B *Japan Finance Org. for Municipalities (JFM) 5Y +47

03/05 $1.75B *Glencore $1B 5Y +170, $750m 10Y +220

03/05 $1.1B *PNC Bank 2NC1 FRN L+35

03/05 $1B *Lloyds 5Y +140

03/05 $650m *MassMutual Glbl Fndng 7Y +80

03/05 $600m *Toyota Ind 3Y +58

03/05 $500m (upsized) *Lazard Group Llc 10Y +175

On tap for week:

03/-- $Benchmark Johnson Controls

-

$13.45B Priced Monday; Potential $10B Qatar on tap this week

03/04 $5B *Pfizer $500m 3Y +28, $750m 5Y +43, $1.75B 10Y +75, $750m 20Y +90,

$1.25B 30Y +100

03/04 $3B *HSBC $2.5B 6NC5 +128, $500m 6NC5 FRN +123

03/04 $1.5B *John Deere Capital $650m 3Y fix +45, $250m 3Y FRN, $600m 10Y +77

03/04 $1.3B *MUFG Union Bank $1B 3Y +67, $300m 3Y FRN L+60

03/04 $1.25B *TD Bank 5Y +75

03/04 $600m *Duke Energy Progress WNG 10Y +78

03/04 $450M *Union Electric WNG 10Y +78

03/04 $350m *WEC Energy WNG 3Y +60

- 

$750m priced Friday

03/01 $750m *Texas Instruments 20Y +82

-

No new issuance Thursday; $104.25B priced on Month!

-

$5.9B priced Wednesday, $21B for week

02/27 $1B *Brooklyn Union Gas $550M 10Y +117, $450M 30Y +142

02/27 $1B *Rockwell Automation 10Y +110a, 30Y +140a

02/27 $2B *CDP Fncl 3Y +23

02/27 $500M *Stanley Black & Decker WNK 7Y +85

02/27 $500M *Travelers WNG 30Y +107

02/27 $400M *Verisk 10Y +150

02/27 $500M *Zions Bancorporation 3Y +90

-

$7.15B Priced Tuesday, Mitsubishi 5-part lead  

02/26 $5.5B *Mitsubishi UFJ Fncl: $1.5B 3Y +77, $500M 3Y FRN L+70, $1.5B 5Y +95,

$1.5B 10Y +110, $500M 20Y +115

02/26 $700M *JB Hunt 7Y +135

02/26 $350M *Highwoods 10Y +160

02/26 $300M *Arizona Public Srvc 30Y +130a

02/26 $300M *Mid-America Apartments 30Y +135

-

$7.95B priced Monday, CNA price late

02/25 $2.5B *Lam Research $750M 7Y +120, $1B 10Y +135, $750M 30Y +185

02/25 $1.5B *Woodside Finance 10Y +185

02/25 $1B *Pacificorp $400M 10Y +85, $600M 31Y +115

02/25 $600M *Ryder 5Y +118

02/25 $450M *Atmos WNG 30Y +112.5

02/25 $350M *RPM International 10Y +190

02/25 $300M *Regency Centers WNG 30Y +165

02/25 $1.25B *Commonwealth Bank of Australia (CBA) $750M 5.25Y +88, $500M 5.25Y

FRN +82

--MNI Chicago Bureau; tel: +1 312-431-0089; email: bill.sokolis@marketnews.com

[TOPICS: MTABLE]