US$ High-Grade Credit Supply Pipeline - Aug. 30, 2017

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

8/30 $1.0B Kommunalbanken Aaa/AAA 144a/RegS Wed 2Y(no grow) MS+5s BMO/C/MIZ

8/31 BM Jpn Fin Orgns for Munics A1/A+ 144a/RegS 3Y MS+53s BAML/BARC/GS/NOM

8/30 TBD   Hanjin Bank: Potentl US$ deal w/ KEXIM Guarantee? BNP/DAIWA/GS

8/31 TBD   Origin Energy Baa3/BBB- sets Aug31 investor call; JPM

8/30 TBD Gilead Sciences A3: Could use cash, bk debt, sr unsec notes

- Gilean will use such proceeds to fund its $11.9B Kite Pharma buy ($180/shr)

8/30 TBD   Woodside Finance Ltd Baa1/BBB+ investor mtgs Aug30-Sep5 BAML/C/UBS

8/30 TBD   Lotte Shippping Aa2/AA/AA-(KEXIM Guar?)rdshw Aug21,on BNP/HSBC/STD

8/31 TBD   Kookmin Bk A1/A+ rdshw Aug31-Sep5:shrt/intrmd? C/COMM/JPM/MUFG/SG

8/30 TBD   Shinhan Bank Aa3/A+ roadshow Aug28-Sep8   BAML/BNP/HSBC/MUFG

8/30 TBD   IBM Credit LLC (IT hardware fin unit)investor calls Aug.24 JPM

8/30 TBD   Mississippi Power has filed a $2.0B mixed debt/stock shelf

8/30 TBD   American Wtr Works A3/A investor calls Aug 3-4  JPM/USB/WFS

8/30 TBD   Apple Aa1/AA+:Had good earnings;did debt in May,Feb post-earnings

9/06  TBD   Mitsubishi UFJ Lease & Fin A3/A:calls start Sep6 BAML/C/JPM/MS

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FRIDAY SAW NO HIGH-GRADE CORPORATE BOND ISSUANCE; WK HAD $15.45B ISSUANCE

THURSDAY SAW $2.0B IN HIGH-GRADE CORPORATE BOND ISSUANCE:

8/24 $500M *China Great Wall AMC: Baa1/BBB+/A 3Y UST+135

8/24 $1.0B *China Great Wall AMC: Baa1/BBB+/A 5Y UST+145

8/24 $500M *China Great Wall AMC: Baa1/BBB+/A 10Y UST +180

- Leads:JPM/ICBC(Asia)/ICBC Intl/ABC Intl/Agric Bk of China/HKG/CCB/STD/MS

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WEDNESDAY HAD $6.35B IN HIGH-GRADE SUPRASOVEREIGN/CORPORATE BOND ISSUANCE:

8/23 $4.0B *KfW Aaa/AAA/AAA px Wed 2Y MS-4             BAML/BNP/JPM

8/23 $1.0B *Development Bank of Japan A1/A+ 5Y MS+42   C/DAIWA/BNP/BARC

8/23 $800M *Development Bank of Japan A1/A+ 10Y MS+59  C/DAIWA/BNP/BARC

8/23 $350M *Natl Rural Utils Cooprtv A2/A/A Fin 5Y +55 MUFG/RBC/SCOT/USB

8/23 N/A    FHLBks passed on its agency debt issuance slot

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TUESDAY HAD $4.0B ISSUANCE:

8/22 $3.0B *World Bank (IBRD) Aaa/AAA global 3Y MS-4    BAML/C/JPM/TD

8/22 $1.0B *Swedish Export Credit Aa1/AA+/AAA glob 5Y MS+20 CA/JPM/NOM/SCOT

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MONDAY BRINGS $3.1B IN HIGH-GRADE CORPORATE BOND ISSUANCE:

8/21 $600M  *Hyundai Capital Services 5Y +135   BAML/BNP/C/DBS/MUFG 

8/21 $300M  *Hyundai Capital Services 10Y +155  BAML/BNP/C/DBS/MUFG 

8/21 $400M  *Tyson Foods Baa2/BBB/BBB    3Y FRN 3ml+45   BAML/MS/RBC 

8/21 $500M  *Tyson Foods optnl 1m par call 4Y Fxd:3Y Tsy+85 BAML/MS/RBC

8/21 $500M  *WestRock Baa2/BBB        7Y +105    BAML/JPM/SMBC/TD

8/21 $500M  *WestRock Baa2/BBB        10Y +120   BAML/HSBC/JPM/MUFG/RABO

8/21 $300M  *Baltimore Gas & Electric A3/A-/A- 30Y +103  CS/CA/JPM/MS

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FRIDAY HAD NO HIGH-GRADE ISSUANCE; WEEK HAD $31.6B ISSUANCE:

THURSDAY HAD $1.555B TOTAL HIGH-GRADE ISSUANCE:

8/17 $500M  *Nederlandse Waterschapbk Aaa/AAA Tap 1.5% Jan19 MS+1 BMO/TD

8/17 $250M  *Muni Finance Aa1/AA+ Tap Feb'20 FRN: 3ml+4          BNP/C/CA

8/17 $405M  *IPALCO Baa3/BB+/BB+ Securd 144a/RegS; 7Y+170        MS/PNC 

8/17 $400M  *Edison International A3/BBB/A- senior 5Y +70        BNP/C/MUFG

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WEDNESDAY HAD $6.25B IN HIGH-GRADE ISSUANCE:

8/16 $350M  *Commonwealth Edison A1/A- 10Y +75      MIZ/SCOT/USB/WFS

8/16 $650M  *Commonwealth Edison A1/A- 30Y +95      MIZ/SCOT/USB/WFS

8/16 N/A     Fannie Mae refrains Wed from issuing agency benchmark note 

8/16 $500M  *Kommunalbanken Priv Plcmt 1.375% Nov 2018 MS-2 BAML/JPM

8/16 $750M  *Bk of New York Mellon A2/A- Sub 12Y+108 BNY/CS/DB/RBC/UBS

8/16 $1.25B *VMware (Dell unit) BBB-  3Y +85        BAML/JPM

8/16 $1.5B  *VMware Inc. BBB-         5Y +120       BAML/JPM

8/16 $1.25B *VMware Inc. BBB-         10Y +170      BAML/JPM

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TUESDAY BROUGHT $19.9B IN HIGH-GRADE CORPORATE/SOVEREIGN US$ ISSUANCE:

8/15 $16B   *Amazon. com Inc. Baa1/AA- 144a/RegS 7-prt $16B+    BAML/GS/JPM

8/15 $1.0B  *Amazon. com Inc.    "                3Y T+40       BAML/GS/JPM

8/15 $1.0B  *Amazon. com Inc.    "   1m par call: 5.5Y T+60     BAML/GS/JPM

8/15 $2.0B  *Amazon. com Inc.    "   2m par call: 7Y T+75       BAML/GS/JPM

8/15 $3.5B  *Amazon. com Inc.    "   3m par call: 10Y T+90      BAML/GS/JPM

8/15 $2.75B *Amazon. com Inc.    "   6m par call: 20Y +105      BAML/GS/JPM

8/15 $3.5B  *Amazon. com Inc.    "   6m par call: 30Y +125      BAML/GS/JPM

8/15 $2.25B *Amazon. com Inc.    "   6m par call: 40Y +145      BAML/GS/JPM

8/15 $600M  *Laboratory Corp.of America Baa2/BBB  7Y+120        BAML/WFS

8/15 $600M  *Laboratory Corp.of America Baa2/BBB  10Y+135 BAML/WFS 

8/15 $450M  *Protective Life A2/AA- Fndg-Agreemt-Bckd 5Y+80     BARC/C/JPM

8/15 $600M  *E*Trade Financial Corp. Baa3/BBB     5Y+115      BAML/CS/JPM/WFS

8/15 $400M  *E*Trade Financial Corp. Baa3/BBB     10Y+155     BAML/CS/JPM/WFS

8/15 $250M  *Western Union: Baa2/BBB 2Y FRN 3ml+80              C/USB

8/15 $100M  *Western Union: Baa2/BBB Tap 3.5% Mar'22: +135      C/USB

8/15 $505M  *Jamaica B3/B/B         Tap 6.75% 2028 5.000%       BAML/C

8/15 $364M  *Jamaica B3/B/B         Tap 7.875% 2045 6.450%      BAML/C

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MONDAY HAD $3.9B IN HIGH-GRADE CORPORATE BOND ISSUANCE 

8/14 $750M *Philip Morris A2/A/A      5Y +70            GS/MIZ/SG

8/14 $500M *Philip Morris A2/A/A      10Y+95            GS/MIZ/SG

8/14 $750M *Lear Corp. Baa3/BBB-      10Y+167           BAML/BARC/C

8/14 $750M *MTB A3/A-/A-              3Y +60; 2.05% cpn CS/JPM/MS/UBS

8/14 $500M *MTB A3/A-/A-              10Y+118;3.40% cpn CS/JPM/MS/UBS

8/14 $650M *DXC Technology Baa2/BBB Long 3Y/NC1 FRN 3ml+95 BAML

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FRIDAY: NO HIGH-GRADE ISSUANCE BUT TESLA (JUNK) SOLD; WEEK HAD $43.8B

8/11 $1.8B *Tesla B3/B- Junk unsecrd 8Y/NC3 5.25% GS/MS/BARC/BAML/C/DB/RBC

-- Debt is sr unsecured; deal upsized from initial expected $1.5B size

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THURSDAY HAD $4.0B IN HIGH-GRADE DEBT ISSUANCE; WEEK HAD $43.8B

8/10 $750M *Thermo Fisher Scientific Baa2/BBB/BBB 10Y +108    BAML/C/GS/JPM

8/10 $750M *Thermo Fisher Scientific Baa2/BBB/BBB 30Y +138    BAML/C/GS/JPM

8/10 $500M *O'Reilly Automotive Baa1/BBB+         10Y +140    BAML/WFS

8/10 $500M *Priceline Group Baa1/BBB+       Long  5Y  +100    GS/JPM/WFS

8/10 $500M *Priceline Group Baa1/BBB+       Long  10Y +135    GS/JPM/WFS

8/10 $500M *Intercontinental Exchange A2/A        5Y +62      BAML/MUFG/WFS 

8/10 $500M *Intercontinental Exchange A2/A        10Y +92     BAML/MUFG/WFS 

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WED HAD $5.15B IN US$ HIGH-GRADE CORPORATE BOND ISSUANCE, WEEK HAS $39.8B: 

8/9 $1.25B *Procter & Gamble Aa3/AA-           5Y +38      C/GS/JPM 

8/9 $750M  *Procter & Gamble Aa3/AA-           10Y +63     C/GS/JPM 

8/9 $750M  *McCormick & Co.  Baa2/BBB          5Y +90      BAML/CS/WFS

8/9 $700M  *McCormick & Co.  Baa2/BBB          7Y +110     BAML/CS/WFS

8/9 $750M  *McCormick & Co.  Baa2/BBB          10Y+120     BAML/CS/WFS

8/9 $300M  *McCormick & Co.  Baa2/BBB          30Y+140     BAML/STRH/WFS

8/9 $650M  *Cerro Del Aguila Baa3/BBB- 10Y +190           CS/JPM/SCOT/CREDIC

8/9 E1.1B  *British Amer.Tobacco EUR 4Y 3m Euribor+50     DB/ING/NATW/SANT/SG 

8/9 E750M  *British Amer.Tobacco EUR 6.25Y MS+75          DB/ING/NATW/SANT/SG 

8/9 E1.25B *British Amer.Tobacco EUR 12.5y MS+120         DB/ING/NATW/SANT/SG 

8/9 GBP450M *British Amer.TobACCO GBP 8Y:Uk Gilt +143     DB/ING/NATW/SANT/SG 

8/9 GBP/EUR *British Amer.TobACCO GBP & EUR DEBT follow Tues $17.25B US$ BAT

debt

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3/21 $500M Paraguay US$ sovrgn bond; March 20-21 rdshw (US,EU) Citi

2/9 $1.0B  AFD US$ RegS bond delayed Tues:choppy mkt  3Y  BARC/BNP/DB/JPM

2/9 TBD    Columbia Baa2/BBB/BBB Lg10Y+185s;Tap 5% Jun'45 +235s C/ITAU/MS

2/9 TBD    United Technologies A3/A- said Dec.14 will do debt early 2017

2/9 $350M  PG&E Corp Baa1/BBB mixed SEC shelf registration

2/2 TBD    Columbia Baa2/BBB/BBB Lg10Y+185s;Tap 5% Jun'45 +235s C/ITAU/MS

2/2 TBD    United Technologies A3/A- said Dec.14 will do debt early 2017

2/2 $350M  PG&E Corp Baa1/BBB mixed SEC shelf registration

--

Scroll Down: More Corporate, Supra/Sovergn/Agency Supply/Calendars

2017 U.S. Agency Calendar Funding Dates 

- Fannie Mae Benchmark Notes: 2017: Jan 4, Jan 25; Feb 23; March 1; March 16;

Apr 5; Apr 12; May 15; May 17; Jun 21; July 12; July 27; Aug 16; Sep 12; Oct 4;

Oct 17, Nov 15; Dec 20th;

- Freddie Mac Reference Notes: 2017: Jan 11, Jan 18; Feb 8, Feb 15; March 20;Apr

18; May 24; June 19; June 26; July 17; July 20; Aug 9; Sept 14; Sept 27; Oct 25;

Nov 13; Dec 6; Dec 14th

- FHLBanks Global Notes: 2017: Jan 19, Feb 13, Feb 28; March 8; March 22; Apr

26; May 10; June 7; June 28; July 5; Aug. 1; Aug. 23; Sept. 6; Oct. 11; Oct 19;

Nov. 8; Nov. 29; Dec. 4

Rumored/Pipeline PMC=Pending Market Conditions, TALK=Market Chatter,

NOTE=Reported Potential Deal RDS=Roadshow to Start, RDE=Roadshow Ended,

SHF=Shelf Filing

--MNI New York Bureau; tel: +1 212-669-6432; email: sheila.mullan@marketnews.com

[TOPICS: MTABLE,M$U$$$,MN$CO$]