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EUROZONE

Timeline of key events (Times BST)

EURGBP TECHS

Remains Vulnerable

GBPUSD TECHS

Bearish Risk Still Present

AUSSIE BONDS

Looking For Cues

JGBS

Supply Provided The Highlight

EURUSD TECHS

Needle Still Points South

IBRD launches $5B 3Y Priced, BoA 3-parter joins list
     
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
07/18 $Benchmark Bank of America 6NC5 fix/FRN +110a, 6NC5 FRN +96a, 11NC10 +140a
07/18 $5B *Int Bank for Reconstruction & Development (IBRD), 3Y fix MS -5
07/18 $600M *Korea Hydro 5Y +112.5
-
$4.6B Priced Tuesday, 
* MUFG 6-part: 
* $750M 3Y fix +85, $750M 3Y FRN +65, 
* $1B 5Y fix +100, $800M 5Y FRN L+86
* $800M 10Y tap 3.961 +120, $500M 20Y fix +132
-
$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