Trial now
FED

NY Fed Operational Purchase

SHORT-STERLING OPTIONS

Put ladder

EGB SUMMARY

Consolidating some of the sell off

US 10YR FUTURE TECHS

(U1)‌‌ Bearish Price Structure

$4.6B #MUFG 6-part launched
     
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
07/17 $4.6B #MUFG 6-part: 
* $750M 3Y fix +85, $750M 3Y FRN L+65, 
* $1B 5Y fix +100, $800M 5Y FRN L+86
* $800M 10Y tap 3.961 +120, $500M 20Y fix +132
07/17 $Benchmark Int Bank for Reconstruction & Development (IBRD), 3Y fix MS -3a
-
$15.25B Priced Monday
07/16 $5.5B *JPMorgan $2.25B 6NC5 fix-FRN +105, $1B 6NC5 FRN, $2.25B 11NC10 +135
07/16 $3.25B *Wells Fargo $2B 3NC2 fix/FRN +73, $1.25B 3NC2 FRN LIBOR +50
07/16 $2.5B *Citibank, $1.75B 3Y fix +77, $750M 3Y FRN +57
07/16 $2.5B *Citigroup 30Y +170
07/16 $1.5B *Banque Fed du Credit Mutuel (BFCM) $1.1B 5Y fix +110, $400M 5Y FRN
-
No new issuance Friday, $23.85B priced on week
-
$5.9B priced Thursday
07/12 $2B *Sumitomo Mitsui Fncl Grp $750M 5Y fix +100, $500M 5Y FRN +86, $750M
10Y +110
07/12 $2B *TD Bank 5Y fix +78, 5Y FRN Libor +64
07/12 $400M *Northern Natural Gas 30Y +135
07/12 $1B *Nordic Investment Bank (NIB) WNG 5Y +3
07/12 $500M *Korea East/West Power 5Y
-
$1.75B Priced Wednesday, $17.95B/wk
07/11 $1.75B *American Honda Finance $500M 2Y fix +50, $750M 2Y FRN L+26, $500M
5Y +75
-
$12.95B Priced Tuesday
07/10 $4B *EIB 5Y +7
07/10 $3.5B *Japan Bank for Int Cooperation $1B 3Y +50.1, $1.5B 5Y +50, $1B 10Y
+45.4
07/10 $600M *Pacificorp 30Y +117, upsized from $500M
07/10 $2.5B *Bank of Montreal 2Y +70a, 2Y FRN Libor equiv
07/10 $2.0B *Toyota $750M 3Y +50, $750M 5Y +65, $500M 10Y +80
07/10 $350M *National Life Ins 50NC30 fix/FRN
-
$3.25B priced Monday
07/09 $2B *Credit Suisse PNC5 AT1 notes, 7.5%
07/09 $1.25B *Commonwealth Bank of Australia (CBA) 5Y +40
-
No new high-grade supply issued Thursday or Friday, $500M priced last week
-
$500M priced Tuesday
07/03 $500M *Kommunalbanken WNG 11/2019 -3
- 
No new issuance Monday
- 
No new issuance Friday, slow week w/total $3.68B placed
-
$1.03B priced Thursday
06/28 $1.027B *Community Health systems 5.5NC2.5, 8.75%
-
$1.75B priced Wednesday
06/27 $1B *Municipality Finance 3Y +3
06/27 $750M *Transocean 5.5NC3
- 
$900M priced Tuesday
06/26 $500M *Penske Truck Leasing 5Y +137.5
06/26 $400M *USAA Capital 2Y +53
-
Slow start to week, nothing HG supply yet
-
No new issuance Friday
-
$2.74B priced Thursday, $44.4B on week 
06/21 $640M *Consolidated Edison 3Y FRN +40
06/21 $1B *DNB Boligkreditt 5Y +38
06/21 $400M *Alabama Power 30Y +130
06/21 $700M *Protective Life $300M 3Y fix +75, 3Y FRN L-equiv, $400M 5Y fix +52
- Aside, Bayer US that issued $15B debt across 8 tranches Monday is in process
of issuing Euro-denominated leg of supply to help fund the appr $69B purchase of
Monsanto.
-
$24.4B priced Wednesday, $16B Walmart lead
06/20 $16B *Walmart 9-tranche details:
******$1.25B 2Y fix +30, $7560M 2Y FRN L+4, $2B 3Y fix +45, $500M 3Y FRN L+23,
$2.75B 5Y +60
******$1.75B 7Y +70, $2.75B 10Y +80, $1.5B 20Y +95, $3B 30Y +105
06/20 $2B *RBS $1.25B 6NC5 fix-FRN +172, $750M 6NC5 FRN L+155
06/20 $1B *Marvell Technology $500M 5Y +145, $500M 10Y +195
06/20 $850M *Bank of America 4NC3 FRN +65
06/20 $1B *USB 30Y +147
06/20 $1B *Finnvera 5Y +15
06/20 $300M *GS Caltex 5Y +120
06/20 $1.75B CIBC 3Y +30
06/20 $550M *AIG Global $300M 3Y fix +68, $250M 3Y FRN +46
-
$1.25B priced Tuesday
06/19 $1.25B *Oneok Inc 10Y $800M +170, $450M 30Y +220
-
$16B priced Monday, Bayer lead
06/18 $15B *Bayer US Finance 8-part, to "simplify its capital structure" after
$63B Monsanto buyout:
      $1.25B 3Y fix +85, $1.25B 3Y FRN L+63, $2.25B 5.5Y fix +115, $1.25B 5.5Y
FRN L+101, 
      $2.5B 7.5Y +140, $3.5B 10.5Y +155, $1B 20Y +170, $2B 30Y +185
06/18 $1B *Duke Energy Florida, $600M 10Y fix +90, $400M 30Y fix +115
- 
No new issuance Friday; 
-
$10.7B priced Thursday, 
06/14 $4B *UnitedHealth 5-part: $400M 3Y fix +48, $350M 3Y FRN +26,
      $750M 5Y fix +70, $1.15B 10Y fix +93, $1.35B 30Y fix +123
06/14 $1.75B *Deutsche Telekom $1.2B 10Y +150, $550M 20Y +175
06/14 $1.2B *CME Group 10Y +80, 30Y +110
06/14 $1B *MGM Resorts upsized from $500M 7NCL sr
06/14 $450M *Ryder WNG 5Y +98
06/14 $1B *GM Financial 5Y +137.5
06/14 $700M *Public Services Co of Colorado, $350M 10Y +78, $350M 30Y +105
- 
On the radar: German based multi-national pharma Bayer AG is looking looking to
issue $6.9B in 3- to 30Y US$ denominated debt to "simplify its capital
structure" after closing it's $63B buyout recently. Aside from US$ denominated
issuance, Bayer also looks to issue appr E14.2B Euro denominated supply between
4- and 12Y tranches in the near term.
- 
No high-grade issuance Wednesday
-
$8.4B priced Tuesday
06/12 $2.5B *Kommunivet +2Y MS+2
06/12 $900M *Alexandria Real Estate $450M 5Y +120, $450M 12Y +175
06/12 $2B *Sanofi $1B 5Y +60, $1B 10Y +75
06/12 $3B *HSBC 11NC10 fix to FRN +163
- 
$5.7B priced Monday
06/11 $1.6B *National Australia Bank (NAB), $500M 3.25Y +80, $350M 3.25Y FRN,
$750M 5Y +90
06/11 $2.5B *JP Morgan $1.4B 4NC3 fix/FRN +85, $1.1B 4NC3 FRN +61
06/11 $700M *Prologis $400M 10Y +100, $300M 30Y +135
06/11 $500M *Air Lease WNG 5Y +125
06/11 $400M *PPL Electric Utilities WNG 30Y +108
-
No new issuance Friday after decent $37.85B for week
- 
$4.85B priced Thursday, 
06/07 $1B *Enel Chile 10Y +210
06/07 $900M *Trimble $300M 5Y +140, $600M 10Y +200
06/07 $1.2B *Romania 30Y 5.2%
06/07 $750M *Telus 30Y +160
06/07 $1B *ASB Bank 5Y fix +110/FRN Libor euiv
- 
$9.85B priced Wednesday
06/06 $4B *KFW 2Y MS -2
06/06 $2B *Credit Suisse $1.25B 6NC5 fix +140, $750M 6NC5 FRN +124
06/06 $1.2B *Jackson National Life 3Y fix +70, 3Y FRN +48, 7Y +98
06/06 $1.15B *Compass Bank 3Y fix +95, 3Y FRN +73
06/06 $300M *Western Union 5Y +145
06/06 $500M *Keybank National Assn WNG 3Y +70
06/06 $700M *Alliant Energy Finance WNG $400M 5Y +95, $300M 10Y +130
--MNI Chicago Bureau; tel: +1 312-431-0089; email: bill.sokolis@marketnews.com
[TOPICS: MTABLE]
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com