US$ High-Grade Credit Supply Pipeline - Aug 8, 2019

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

08/08 $1.4B *Hartford Financial 10Y +112, 30Y +142

08/08 $1.2B *Welltower 5Y +95, 10Y +145

08/08 $1B *Humana WNG 10Y +140, 30Y +170

08/08 $500M *Magellam Midstream WNG 30Y +172

08/08 $400M *Public Service Electric/Gas 30Y +98

08/08 $675M *DTE WNG 5Y +100

08/08 $300M *PACCAR Financial WNG 5Y +67

08/08 $Benchmark CVS 5Y +150a, 7Y +170a, 10Y +190a

08/?? Chatter VW issuance US$/EU 

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$10.55B priced Wednesday, $28B on week

08/07 $3B *Global Payments $1B 5Y +115, $1.25B 10Y +155, $750M 30Y +195

08/07 $2.25B *BMW Finance $750M 3Y +75, $500M @: 3Y FRN L+79, 5Y +90, 10Y +115

08/07 $2B *McDonalds $1B 10Y +100, $1B 30Y +150

08/07 $1.5B *Lloyds Bank 3Y +85

08/07 $750M *AerCap Ireland Capital 5Y +147

08/07 $750M *NiSource 10Y +130

08/07 $300M *Wisconsin Public Service 30Y +112

-

$15.95B Priced Tuesday

08/06 $13B *Occidental $11-$13B est 10-tranche:

----- $500M 1.5Y +95, $500M 2NC1 +125, $1.5B 2Y +105, $1.5B 3NC1 +120, $2B 3Y

+120

----- $3B 5Y +140, $1B 7Y +160, $1.5B 10Y +185, $750M each 20Y +210 & 30Y +225

08/06 $1.5B *UBS 11NC10 +140

08/06 $600M *PPG Ind WNG $300M 5Y +90, $300M 10Y +110

08/06 $550M *Public Srvc of Colorado WNG 30Y +100

08/06 $300M *UDR 12Y +130

-

$1.5B priced Monday

08/05 $1.5B #NextEra Energy Capital WNG 2Y +70

- 

$5.75B Priced Thursday, $25B on week 

08/01 $2B *Sinopec $800M 5Y +88, $700M 10Y +110, $500M 30Y 3.680%

08/01 $1.2B *Southern California Edison WNG $400M 10Y +95, $800M 30Y +130

08/01 $900M *Crown Castle WNG $550M 10Y +122, $350M 30Y +157

08/01 $550M *Ryder WNG 5Y +83

08/01 $1.096B *American Airlines issuing EEC pass-throughs on class AA, A and B

tranches

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07/31 No high grade corp issuance Wednesday; $19.25B total priced/wk 

-

$3.5B priced Tuesday, $19.25B total/wk

07/30 $2.7B *Honeywell $600M 3Y +37, $600M 3Y FRN +37, $750M 5Y +50, $750M 10Y

+68

07/30 $800M *Huntington Bancshares 5Y +83

-

$15.75B priced Monday

07/29 $5.5B *Boeing WNG 6-tranche: $750M 2Y +45, $1B 7Y +80, 

----- $750M 10Y +90, $750M 15Y +120, $1.25b 30Y +120, $1b 40Y+140

07/29 $3.5B *Las Vegas Sands $1.75B 5Y +137.5, $1B 7Y +162.5, $750M 10Y +187.5

07/29 $2B *Ford Motor Cr $1.25B 3Y +155, $750M 7Y +260

07/29 $1.5B *National Australia Bank (NAB) 15NC10 +188

07/29 $1B *Union Pacific $500M 20Y +98, $500M 40Y +140

07/29 $900M *Republic Services 5Y +70

07/29 $450M *Owens Corning WNG 10Y +192

07/29 $500M *Shinhan Fncl Gr (SFG) 10.5NC5.5 +150

07/29 $400M *Essex Portfolio +10Y +110 upsized

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07/26 No new supply for Friday, $30.29B priced last week

-

$4.25B Priced Thursday

07/25 $2B *PepsiCo $1B 10Y +58, $1B 30Y +80

07/25 $1.5B *American Express 5Y +72

07/25 $750M *Sultanate Oman 5.5Y RegS 5.37%a, 10Y 6.375%a

Canada:

07/25 C$1.75B *Bank of Montreal 5Y +92 launched and priced late Thu

-

$9.42B priced Wednesday,  for week

07/24 $2.25B *US Bancorp $1.25B 5Y fix +60, $1B 10Y +95

07/24 $2.25B *JPMorgan Chase PerpNC5 pfd 5%

07/24 $1.37B *CITGO 5NC2 9.25%

07/24 $1.25B *Bank of Nova Scotia 7Y +82

07/24 $1B *NRW Bank WNG 5Y +15

07/24 $800M *Constellation Brands 10Y +110

07/24 $500M *Boston Gas Co WNG 10Y +95

Canadian Issuance:

07/24 C$500M *Export Development Canada 5Y +31.5

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$14.07B Priced Tuesday, $5.5B UNH 5-tranche lead

07/23 $5.5B *UnitedHealth $750M 5Y +55, $1B 10Y +80, $1.25B Each: 20Y +95, 30Y

+110, 40Y +130

07/23 $2.75B *Imperial Brands $1B 5Y +140, $750M 7Y +170, $1B 10Y +190

07/23 $1.27B *United Mexico States $270M 10Y Tap +165, $1B 30Y +192.5

07/23 $1.5B *Bank of America 2NC1 FRN +32

07/23 $1.25B *JBS USA 10.5NC5.5 5.5%

07/23 $1B *BB&T 5Y +70

07/23 $500M *Bank of Montreal WNG PerpNC5 4.8%

07/23 $300M *Hanwha Energy 3Y +70

-

$2.55B Priced Monday

07/22 $1B *FedEx 10Y +110

07/22 $750M *Synchrony Financial 3Y, +110

07/22 $300M *Tampa Electric WNG 30Y, +112.5

07/22 $500M *Citizens Financial WNG 7Y +97

-

07/19 No new corporate supply Friday, $22.2B priced on week

-

$7.7B priced Thursday

07/18 $2.5B *PNC $600M 3NC2 fix/FRN +48, $900M 3NC2 FRN +45, $1B 7Y +75

07/18 $2.5B *Bank of America 11NC10 fix/FRN +125a

07/18 $2B *Morgan Stanley 6NC5 fix/FRN +92

07/18 $700M *Comerica $500M 5Y +75, $200M 10Y +105

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Canadian Issuance;

07/18 C$1.5B *RBC 10NC5 +132

07/18 C$800 *EIB 5Y +3

07/18 C$1.1B *Scotia Capital NHA MBS +46

-

$2B Priced Wednesday, $14.5B/Wk

07/17 $2B *Panama $1.25B +10Y +110, $750M 40Y +130

-

$8.4B Priced Tuesday, $12.5B for week so far

07/16 $2.25B *Westpac Banking $1.25B 15NC10 +200, $1B 20Y +180

07/16 $2B *Landeskreditbank Baden-Wuerttemberg (LBank) 5Y RegS +15

07/16 $1.5B *Land NRW 3Y +10

07/16 $2B *IADB 2Y $1B +3, $1B 7Y +14

07/16 $650M *Adani Ports 30Y +150a

-

$4.075B Priced Monday

07/15 $1B *Rabobank 5Y Sn +83

07/15 $825M *Burlington Northern Santa Fe +30Y +95

07/15 $750M *CIBC 4NC3 +80

07/15 $600M *John Deere Capital 10Y +72

07/15 $500M *Bank of Nova Scotia WNG 3.5Y +58

07/15 $400M *Reliance Standard Life global funding 3Y +83

-

No new issuance last Friday after $34.15B priced/wk vs. $20B est

-

$7.5B priced Thursday

07/11 $6.5B *Mitsubishi UFJ Fncl Grp (MUFG): $2.25B 3Y +78, $1B 5Y +90, $1.75B

10Y +105, $1.5B 20Y +108

07/11 $1B *Nationwide 11NC10 fix-FRN +185

-

$4.5B priced Wednesday, $26.65B/wk

07/10 $2.5B *Panasonic $1B 3Y +75, $1B 5Y +85, $500M 10Y +105

07/10 $2B *Export Development Canada 3Y +8

-

$9.65B priced Tuesday

07/09 $2.75B *Mizuho Financial Grp $1B 4NC3 +85, $500M 4NC3 FRN, $500M 6NC5,

$750M 11NC10 

07/09 $1.25B *RBC 5Y +72

07/09 $1B *American Honda Finance 2Y FRN L+35

07/09 $3.25B *Asian Development Bank (ADB) 3Y +7

07/09 $900M *New York Life $500M 3Y +45, $400M 3Y FRN L+43

07/09 $500M *Korea Gas 10Y +92.5

-

$12.5B priced Monday

07/08 $4.5B *Sumitomo Mitsui Financial Grp (SMFG) $2B 5Y +85, $2.5B 10Y +100

07/08 $4B *Total Capital Int $750M 2Y +33, $1B +5Y +58, $1.25B +10Y +78, $1B 30Y

+93

07/08 $1.2B *Alexandria Real Estate $750M 12Y +135, $500M 30Y +150

07/08 $1.75B *TD Bank 3Y +28

07/08 $500M *Virginia Electric and Power WNG 10Y +85

07/08 $500M *Posco 5Y +105

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Only $4B priced last week, Independence holiday keeping issuers at bay

07/03 $4B *KFW 3Y +6

-

No new high-grade issuance Friday, $10.6B/wk

- 

No new high-grade issuance Thursday

-

$1.15B priced Wednesday

06/26 $800M *Weibo Corp 5Y +172.5

06/26 $350M *MassMutual Global Funding 3Y +52

-

$3.1B priced Tuesday, 

06/25 $1.5B *Toyota Motor $500M each: 3Y +48, 5Y +63, 10Y +77

06/25 $1B *Bank of Montreal 5Y +78

06/25 $300M *UDR WNG 10Y +125

06/25 $300M *AIG Global Funding 3Y +65

-

$6.35B Priced Monday

06/24 $2.5B *Enterprise Products Operating LLC $1.25B 10Y +110, $1.25B 30Y +165

06/24 $1.75B *American Honda Finance $750M 3Y +55, $500M 3Y FRN L+54, $500M 5Y

+70

06/24 $1.4B *Dominion Energy 2Y +97, 5Y +132

06/24 $400M *Ventas Realty 5Y +100

06/24 $300M *Public Service/New Hampshire WNG 30Y +105

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No new supply on tap for Friday. Only $9.2B priced on week, well below estimated

$15B

- 

$4B priced Thursday

06/20 $2.5B *Banco Santander 5Y +95, 10Y +130

06/20 $1.2B *HCP 7Y +140, 10Y +155

06/20 $300M *Athene 5Y +107

-

No new supply Wednesday 

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06/18 $1B *KEXIM $500M 3Y FRN +52.5, $500M 5Y +62.5

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

[TOPICS: MTABLE]