US$ High-Grade Credit Supply Pipeline - Dec. 1, 2017

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

12/1  BM    BNG Aaa/AAA 144a/RegS 3Y Sustain 3Y Nov29 call DAIWA/RBC/TD

12/1  TBD   Kor.Elec.Pwr Corp. Aaa2/AA/AA- Nov13 wk:US/EU/Asia mtgs BAML/C/CA

12/1  TBD   Lebanon appears to delay Nov. Eurobond, said MOF (Reuters)

12/1  TBD   Israel Electric Baa2/BBB US meetings Oct.30-Nov3 JPM

12/1  TBD   Hanjin Bank: Potentl US$ deal w/ KEXIM Guar? BNP/DAIWA/GS

12/1  TBD   Philippines Baa2/BBB/BBB- US mtgs Oct 6-13 C/DB/MS/SCB

12/1  TBD   Quatar eyed $9B in international bonds; no time yet

12/1  BM    Korea Southern Pwr Aa2/AA- 11/29-12/5 mtgs BNP/C/HSBC/UBS

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THURSDAY HAD $2.26B IN HIGH-GRADE CORPORATE ISSUANCE:

11/30  $500M *Adani Abbot Pt Terminal BBB-/BBB- 5Y+245      STIF/INV/HAITONG

11/30  $600M *Simon Property A2/A RegS/Sr Unsec long 5Y+65  BARC/C/RBC/SMBC

11/30  $760M *Simon Property A2/A RegS/Sr Unsec 10Y+105     BARC/C/RBC/SMBC

11/30  $400M *New England Power A3/A-           30Y+97      BAML/BNP/CS/DB 

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WED HAD $12.2B IN HIGH-GRADE US$ CORPORATE/SOVEREIGN BOND ISSUANCE:

11/29 $700M *Alibaba Grp Hldgs A1/A+      5.5Y T+73   C/CS/GS/JPM/MS

-- Last sold US$ dollar notes in 2014: a $8.0B debt deal

11/29 $2.55B *Alibaba Grp Hldgs A1/A+ 10Y +108 Wed      C/CS/GS/JPM/MS

11/29 $1.0B  *Alibaba Grp Hldgs A1/A+ 20Y +118 Wed      C/CS/GS/JPM/MS

11/29 $1.75B *Alibaba Grp Hldgs A1/A+ 30Y +138 Wed      C/CS/GS/JPM/MS

11/29 $1.0B  *Alibaba Grp Hldgs A1/A+ 40Y +158 Wed      C/CS/GS/JPM/MS

11/29 $400M  *Emirates Sembcorp Water & Pwr A2/A- 18Y 4.45% C/1ABD/HSBC/SMBC

11/29  $1.0B *Pakistan B3/B   5Y Sukuk 5.626% C/DB/DIB/ICBC/NOOR/STAND

11/29  $1.5B *Pakistan B3/B   10Y conventional 6.875%  C/DB/DIB/ICBC/STAND

11/29  $300M *UDR Inc. Baa1/BBB+           10Y +117    BAML/JPM/USB      

11/29  $300M *Yamana Gold Baa3/BB+/BBB-    10Y +225    C/CS/RBC

11/29  $400M *DR Horton Baa3/BBB-/BBB-     3Y +70      C/MIZ/WFS

11/29  $500M *Realty Income Corp. A3/BBB+/BBB+ Tap 3.25% Nov'22:+75

BAR/BNY/GS/UBS/USB

11/29  $550M *Realty Income " + 10Y+130 BARC/BNY/GS/UBS/USB

11/29  $250M *Realty Income "  30Y Tap 4.65% Mar'47+150 BAR/BNY/GS/UBS/USB

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11/28  $1.0B *Deutsche Bank NY Ba2/BB+ 15Y/NC10Y Fixed/FRN Tier 2:T+255  DB

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MONDAY HAD $10.03B IN HIGH-GRADE CORPORATE BOND ISSUANCE:

11/27 $700M  *Orix A-/A-              7Y+105              BAML/GS/JPM/MIZ

11/27 $1.5B  *UBS AG Ldn A1/A+        18M FRN 3ML+32      UBS 

11/27 $1.8B  *UBS AG Ldn A1/A+        3Y+65               UBS 

11/27 $!.0B  *UBS AG Ldn A1/A+        3Y FRN:3ML+48       UBS 

11/27 $500M  *Pacific Gas & Electric A2/A- 364day FRN 3ml+23 BAML/C/JPM/MS

11/27 $1.15B *Pacific Gas & Electric A2/A- 10Y +100       BAML/C/JPM/MS

11/27 $850M  *Pacific Gas & Electric A2/A- 30Y+120        BAML/C/JPM/MS

11/27 $300M  *Healthcare Realty Baa2/BBB/BBB 10Y+140      UBS/WFS 

11/27 $300M  *WGL Holdings A3/A/A- 2Y FRN 3ml+40          TD/WFS

11/27 $600M  *Caterpillar Financial    2Y +30            BAML/C/MUFG

11/27 $300M  *Caterpillar Financial    2Y FRN 3ml+13     BAML/C/MUFG

11/27 $600M  *Caterpillar Financial    5Y+52             BAML/C/MUFG

11/27 $425m  *Kilroy Realty  Baa2/BBB  7Y +125           JPM/USB

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11/24 NO ISSUANCE/THANKSGIVING HOLIDAY

11/23 NO US$ HIGH-GRADE CORPORATE BOND ISSUANCE

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TUESDAY HAD $1.5B IN US$ HIGH-GRADE CORPORATE BOND ISSUANCE:

11/21 $1.0B  *Export Dvlpmt Canada Aaa/AAA RegS glob 3Y MS+1 BARC/CIBC/HSBC/TD

11/21 $$00M  *JP Morgan Sr Unsec 7Y/NC6 FRN 3ml+85 JPM 

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MONDAY HAD $9.5B IN HIGH-GRADE CORPORATE/SOVEREIGN BOND ISSUANCE:

11/20 $800M  *Reliance Industries Baa2/BBB+ 10Y +130 BAML/C/HSBC/BARC/JPM/STAND

11/20 $1.5B  *Nigeria B2/B/B+ US$ sovereign 10Y 6.50%        C/STAND

11/20 $1.5B  *Nigeria B2/B/B+ US$ sovereign 30Y 7.625%       C/STAND

11/20 $300M  *Royal Caribbean Cruises Baa3/BBB-  3Y+80       BAML/BNP/GS/MS

11/20 $500M  *Royal Caribbean Cruises "   "  Lg 10Y 137.5    BAML/MIZ/MS/SMBC

11/20 $500M  *Starbucks Corp  A3/A-/A3Y          3Y+37       C/GS/USB

11/20 $500M  *Starbucks Corp  A3/A-/A3           30Y+97      C/GS/USB

11/20 $1.1B  *Macquarie Group               6Y/5NC+110       BAML/C/HSBC/JPM/MCQ

11/20 $650M  *Macquarie Group            6Y/NC5 FRN  3ml+102 BAML/C/HSBC/JPM/MCQ

11/20 $750M  *Macquarie Group               11Y/NC10 +140    BAML/C/HSBC/JPM/MCQ

11/20 $500M  *Express Scripts Baa2/BBB+/BBB     3Y+75        BAML/C/MIZ

11/20 $400M  *Express Scripts Baa2/BBB+/BBB 3Y/NC1 FRN 3ml+75 BAML/C/MIZ

11/20 $500M  *Express Scripts Baa2/BBB+/BBB     5Y +100      BAML/C/MIZ

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FRIDAY HAD $1.3B IN HIGH-GRADE CORPORATE BOND ISSUANCE:

11/17 $850M  *Boston Properties Baa2/A-/BBb+ 7Y+100 BAML/BONY/DB/JPM/MS

11/17 $450M  *Southern Co Baa3/BBB/BBB 60Y/NC5 par 5.625% BAML/JPM/MS/UBS/WFS

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THURSDAY HAD $500M HIGH-GRADE CORPORATE BOND ISSUANCE:

11/16  $500M *Ameren Illinois A1/A     30Y FMB+93    JPM/MIZ/MUFG

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WEDNESDAY HAD A LIGHT $3.35B IN HIGH-GRADE CORPORATE BOND ISSUANCE:

11/15  $500M *Citadel Ltd Partnership BBB 144a/RegS Long 5Y 5.375% JPM/UBS

11/15  $600M *Land NRW Aa1/AA-/AAA RegS 18M FRN 3ml+5 bps  BARC/CA/COMM/HSBC

11/15  $700M *Transcanada Pipeline A3/A-/A- 2Y Fxd +45         DB/MUFG

11/15  $550M *Transcanada Pipeline A3/A-/A- 2Y FRN 3ml +27.5   DB/MUFG

11/15  $1.0B *HSBC Holdings 6Y/NC5 Fxd to Frn +100              HSBC 

11/15  N/A    Fannie Mae passed on its benchmark note issuance slot Wed 

--

TUESDAY HAD $9.8B IN HIGH-GRADE CORPORATE BOND ISSUANCE:

11/14  $3.5B *Freddie Mac to do 3Y Reference Note US 3Y+8.5 bps

11/14  $2.0B *World Bank Aaa/AAA global Tues 10Y MS+21  BARC/BNP/NOM/TD

11/14  $500M *Leggett & Platt Baa1/BBB+ 10Y+120        JPM/MUFG/USB/WFS 

11/14  $300M *Southwest Airlines A3/BBB+/BBB+ 5Y+70    C/GS/MS

11/14  $300M *Southwest Airlines A3/BBB+/BBB+ 10Y+11   C/GS/MS

11/14  $600M *Schlumberger                    5Y+60    BAML/HSBC/JPM

11/14  $500M *Schlumberger                    3Y+43    BAML/HSBC/JPM

11/14  $900M *Anthem Inc. Baa2/A/BBB 3Y+75        BAML/CS/UBS

11/14  $750M *Anthem Inc. Baa2/A/BBB 5Y+90        BAML/CS/UBS

11/14  $850M *Anthem Inc. Baa2/A/BBB 7Y+110       BAML/CS/UBS

11/14  $1.6B *Anthem Inc. Baa2/A/BBB 10Y+130      BAML/CS/UBS

11/14  $1.5B *Anthem Inc. Baa2/A/BBB 30Y+155      BAML/CS/UBS

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11/13  $780M *JSB NC Kazakhstan Temir Zholy 10Y 4.8% HALYK/JPM/MUFG/REN 

11/13  $650M *Republic Services Baa3/BBB+/BBB+ 10Y +100 BNP/JPM/WFS

11/13  $400M *Carlisle Cos. Baa2/BBB       7Y +125   BAML/JPM/STRH/WFS

11/13  $600M *Carlisle Cos. Baa2/BBB       10Y+140   BAML/JPM/STRH/WFS

11/13  $700M *Florida Power & Light Co.    30Y+87.5  BAML/BNYM/C/MUFG

11/13  $400M *CBS Baa2/BBB/BBB          Long 5Y+100  CS/JPM/MIZ/RBC

11/13  $500M *CBS Baa2/BBB/BBB          Long 10Y+150 CS/JPM/MIZ/RBC

11/13  $600M *American Honda Finance A2/A+ 2Y T+35    BARC/BAML/C/JPM

11/13  $350M *American Honda Fin. A2/A+ 2Y FRN 3ml+15 BARC/BAML/C/JPM

11/13  $500M *American Honda Finance A2/A+ 5Y +53     BARC/BAML/C/JPM

11/13  $300M *American Honda Fin A2/A+ 5Y FRN +3ml+47 BARC/BAML/C/JPM

11/13  $350M *ConEd A2/A-/A- won't grow 10Y+73       C/JPM/MIZ

11/13  $350M *ConEd A2/A-/A- won't grow 40Y +115     C/JPM/MIZ

11/13  $600M *Air Lease BBB/BBB/A- 5Y+87.5   BAML/JPM/LLOYDS/MIZ

11/13  $500M *Air Lease BBB/BBB/A- 10Y+135   BAML/JPM/LLOYDS/MIZ

11/13  $500M *Westlake Chemical Corp 30Y +157/+163 BAML/DB/GS/WFS

11/13  $500M *Deutsche Bank NY Baa2/BBB-/BBB+ 5Y FRN    DB

11/13  $1.1B *Deutsche Bank NY Baa2/BBB-/BBB+ 5Y T+125  DB

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FRIDAY: NO HIGH-GRADE CORPORATE ISSUANCE.

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THURSDAY HAD $10.82 IN HIGH-GRADE CORPORATE BOND ISSUANCE:

11/9  $700M *UPS   A1/A+          3Y+35          BARC/GS/JPM/SG/WFS

11/9  $350M *UPS Tlk $10B deal order bk:3Y FRN 3ml+15 BARC/GS/JPM/SG/WFS

11/9  $1.0B *UPS   "              5Y+55          BARC/GS/JPM/SG/WFS

11/9  $500M *UPS   "              5Y FRN 3ml+45  BARC/GS/JPM/SG/WFS

11/9  $500M *UPS   "              7Y+65          BARC/GS/JPM/SG/WFS

11/9  $1.0B *UPS   "              10Y+75         BARC/GS/JPM/SG/WFS

11/9  $1.15B *UPS  "              30Y+95         BARC/GS/JPM/SG/WFS

11/9  $1.1B *Daimler Fin          3Y Fxd +62.5   BARC/C/CAC/GS 

11/9  $400M *Daimler Fin          3Y FRN 3ml+43  BARC/C/CAC/GS 

11/9  $250M *Interstate P&L Co. Baa1/A-:Tap 3.25% '24 T+75 BNY/MIZ/WFS

11/9  $1.5B *BNP Paribas Baa1/A-/A+ non-prefrrd 10Y +135  BNP

11/9  $550M *Duke Energy Carlns Aa2/A RgS/FMB 30Y+90 BNP/C/SCOT/TD/WFC

11/9  $400M *Buckeye Partners Baa3/BBB- 10Y+185   BARC/PNC/STRH

11/9  $500M *CNH Industrial NV          10Y T+158 BAML/JPM/WFS  

11/9  $100M *Brandywine Operating Baa3/BBB- $100M tap 2023:+140 BAML/C

11/9  $450M *Brandywine Operating Baa3/BBB- 10Y +170            BAML/C

11/9  $365m *Amer FinclGrp:Tap 2026 +120; Tap 2045 +155 BAML/JPM/WFS

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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$CO$]