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US$ High-Grade Credit Supply Pipeline - January 4, 2019

*** PRICED: $2.75B *Ford Motor in 4-Parts
$9.4b Priced Yesterday
     *** PRICED: $2.75B *Ford Motor in 4-Parts
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
1/03  $2.75B *Ford Motor $675M 2Y +270, $325m 2Y FRN 3mL +255,
      $1.4b 3Y +325, $350m 3Y FRN 3mL +314 
1/03  $2.6b *BNP Paribas $1.7b 6NC5 FXD-FRN +235, $900m 11NC10 FXD-FRN +265 
1/03  $2b *Toyota Motor $700m 2Y +70, $300m 2Y FRN at 3mL +54, 
      $500m 5Y +100, $500m 10Y +115
1/03  $1.25b *Berkshire Hathaway Finance 30Y +140
1/03  $800m *Duke Energy Ohio $400m 10Y +110, $400m 30Y +140
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$9.4b Priced Yesterday
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NO NEW ISSUANCE SINCE MID DECEMBER
- 
$3B Priced Last Week
-
*** PRICED: $3B *UnitedHealth debt offering in 4-parts
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
12/13  $3B *UnitedHealth $750m Long 5Y at +80, $300m 7Y at +90, 
       $850m 10Y at +100, $1.1b 30Y at +130 
-
NO NEW ISSUANCE MONDAY, TUESDAY, WEDNESDAY
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$1.50b Priced Last Week
-
NO NEW ISSUANCE WEDNESDAY, THURSDAY, FRIDAY                                 
-
*** PRICED: $250m *Baidu Tap 2024 Notes +162.5 
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
12/04  $250m *Baidu Tap 2024 Notes +162.5 
-
*** PRICED: $1.25b *Caterpillar Financial in 3-Parts
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
12/03  $1.25b *Caterpillar Financial $350m 2Y +53, $400m 2Y FRN 3mL +35, 
       $500m 5Y +83
12/03  $Benchmark ING 15NC10 +275a
-
$1.25b Priced Monday
-
$24.3b Priced Last Week
-
NO NEW ISSUANCE FRIDAY
-
*** PRICED: $1b *Bank of New York Mellon
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/29  $1b *Bank of New York Mellon 2NC1 FRN 3mL +30
11/29  $1b *BB&T 5Y +93
11/29  $500m *Niagara Mohawk Power Corp 10Y +125
-
$2.5b Priced Thursday
-
*** PRICED: $5B *JPMorgan Debt Offering in 2-Parts
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/28  $5b *JPMorgan $2.5b 6NC5 Fixed-to-FRN +115, %2.5b 11NC10 Fixed-to-FRN
+140
11/28  $1B *EIB 3Y FRN SOFR +32
11/28  $1B *Archer-Daniels-Midland $400m Long 3Y +58, $600m Long 30Y +123
11/28  $1B *State Street $500m 6NC5 Fixed-to-FRN +92, $500m 11NC10 +110
11/28  $400m *ERP Operating 10Y Green Bond +112
11/28  $350m *Tyco Electronics Group 1.5Y FRN 3mL +45
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$8.75B Priced Wednesday
-
*** PRICED: $3.5B *Home Depot Debt Offering in 4-Parts
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/27  $3.5B *Home Depot $700m 3Y +48, $300m 3Y FRN L +31, $1B 10Y +93, $1.5B
30Y +128
11/27  $2B *IBM Credit $750m 2Y +65, $750m 2Y FRN 3mL +47, $500m 3Y +75
11/27  $1.5B *WestRock $750m Long 7Y +170, $750m Long 10Y +185
11/27  $1.1B *Consolidated Edison $500m 10Y +95, $600m 30Y +135
11/27  $600m *African Development Bank $500m WNG 3Y +16.7, $100m Short 2Y FRN at
SOFR +32 
11/27  $500m *NWB 4Y MS +12
-
$9.2B Priced Tuesday
-
*** Priced: $2.5B *National Australia Bank in 3-Parts
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/26  $2.5B *National Australia Bank $750m 3Y +88, $600m 3Y FRN 3mL+71, $1.15b
5Y MS +45 
11/26  $600m *Virginia Electric & Power 30Y +132
11/26  $450m *Harley Davidson Financial Long 2Y FRN 3mL+94
11/26  $300m *Tuscan Electric Power 30Y +155
11/26  $500m African Development Bank 3Y Green Bond
11/26  $500m NWB WNG 12/22 MS +12a
11/26  $Benchmark NAB 3Y, 3Y FRN Bond, 5Y Covered Bond
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$3.85B Priced Monday
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$11.15b Priced Last Week
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No New Issuance Thursday or Friday
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*** Priced: $1.25b *Kommuninvest Long 3Y MS +6
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/21  $1.25b *Kommuninvest Long 3Y MS +6
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$1.25b Priced Wednesday
-
*** Priced: $750 *HSBC Bank Canada 3Y Covered MS +33
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/20  $1b Kommuninvest Long 3Y, IPT MS +7a
11/20  $1b *ADB 2Y MS -5
11/20  $750 *HSBC Bank Canada 3Y Covered MS +33
11/19  $5.5b *Takeda Debt Offering in 4-parts; $1b 2Y +105, $1.25b 3Y +120,
       $1.5b 5Y +155, $1.75b 10Y +200
-
$1.75b Priced Tuesday
-
*** Priced: $5.5b *Takeda Debt Offering in 4-parts
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/19  $5.5b *Takeda Debt Offering in 4-parts; $1b 2Y +105, $1.25b 3Y +120, 
       $1.5b 5Y +155, $1.75b 10Y +200
11/19  $1.25b *DBS 3Y Covered Bond MS +31
11/19  $1b ADB IPT MS -5a
11/19  $1b *Kexim $500m 3Y +67.5, $500m 5Y +87.5
11/19  $400m *Wisconsin Public Service 3Y +55
-
$8.15b Priced Monday
-
No New Issuance Friday, $21.32b Priced Last Week
-
*** PRICED $1b NWB 3Y MS +6
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/15  $1b *NWB 3Y MS +6
11/15  $750m *CAF 5Y MS +79
11/15  $620m *The Government of Bermuda Long 10Y +175
-
$2.37b Priced Thursday
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/14  $12.7b DowDuPont Debt Offering 8-Part; $1.5B 2Y +90, $500M 2Y FRN 3mL
+71,
       $2.5b 5Y +125, $300m 5Y FRN 3mL +111, $1.85b 7Y +145, $2.25b 10Y +160, 
       $1.65b 20Y +195, $2.15b 30Y +205
11/14  $1B NWB WNG 3Y; IPT MS +7a
11/14  $400m Kilroy Realty 10Y Green Bond +168
11/14  $Benchmark ICBC New York Branch FRN 3Y 3mL +100a, 5Y 3mL +110a
11/14  $Benchmark CAF 5Y MS +80a
-
$13.1b Priced Wednesday
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/13  $1.75B US Bank NA/US Bancorp; $700m 3Y +55, $300m 3Y FRN 2mL +38, $750m
7Y +90
11/13  $1B Boston Properties 10Y Green Bond +140
11/13  $500m World Bank 7Y Green Bond MS +7a
11/13  $1.2B Marriott International $550m 2Y FRN 3mL +60, $350m 5Y +120, $300m
10Y +155
11/13  $1.4B Svenska Handelsbanken 5Y +95
-
$5.85B Priced Tuesday
$20.75B Priced Last Week
--MNI Chicago Bureau; +1 630-698-0154; email: ryan.martin@marketnews.com
[TOPICS: MTABLE]

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