Free Trial

US$ High-Grade Credit Supply Pipeline - July 27, 2017

Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
THURSDAY HAD $26B IN HIGH-GRADE CORPORATE BOND ISSUANCE:
7/27 $22.5B *AT&T Baa1/BBB+/A+ 7part debt deal total BAML/GS/JPM/MUFG/MIZ
7/27 $1.75B *AT&T     "          5.5Y +100           BAML/GS/JPM/MUFG/MIZ
7/27 $750M  *AT&T     "          5.5Y FRN 3ml+89     BAML/GS/JPM/MUFG/MIZ
7/27 $3.0B  *AT&T     "          7Y +130             BAML/GS/JPM/MUFG/MIZ
7/27 $5.0B  *AT&T     "          10Y+160             BAML/GS/JPM/MUFG/MIZ
7/27 $4.5B  *AT&T     "          20Y+205             BAML/GS/JPM/MUFG/MIZ
7/27 $5.0B  *AT&T     "          32.5Y +225          BAML/GS/JPM/MUFG/MIZ
7/27 $2.5B  *AT&T "              41Y +240            BAML/GS/JPM/MUFG/MIZ
7/27 $600M  *Banco de Bogota Baa2/BBB-/BBB 10Y 225      BAML/C/HSBC
7/27 $650M  *BNZ Intl Funding A1/AA- 5.25Y  T+85        C/NAB/RBC/WFS
7/27 $1.85B *American Express Co. A3/BBB+ 5Y Fxd+68     BAML/BARC/C/HSBC
7/27 $400M  *American Express Co. A3/BBB+ 5Y FRN 3ml+61 BAML/BARC/C/HSBC
7/27 BM     Fannie Mae announced new 3Y benchmark note  BARC/CAST/NOM/TD
-
WEDNESDAY HAD $1.0B IN HIGH-GRADE CORPORATE BOND ISSUANCE:
7/26 $1.0B *SunTrust Bank Baa1/A- 5Y Fixed T+67      C/JPM/STRH
7/26 N/A    SunTrust Bank Baa1/A- 5Y FRN: dropped    C/JPM/STRH
-
TUESDAY HAD $7.75B IN HIGH-GRADE CORPORATE ISSUANCE:
7/25 $1.5B  *FMS Wertmgmt Aaa/AAA RegS global Tue 5Y MS+12 BNP/C/GS/RBC
7/25 $1.5B  *Codelco A3/A+ 144a/RegS  10Y +150   BAML/HSBC/JPM/MUFG
7/25 $1.25B *Codelco A3/A+ "         30Y +175    BAML/HSBC/JPM/MUFG
7/25 $750M  *PNC     A2/A/A+         5Y fixed: +57  BARC/C/JPM/PNC
7/25 $1.0B  *PNC     " " "           5Y FRN 3ml+50 BARC/C/JPM/PNC
7/25 $750M  *Crown Castle Baa3/BBB- 7Y +110         BAML/BARC/MIZ/MS/RBC
7/25 $1.0B  *Crown Castle "         10Y +150-155    BAML/BARC/MIZ/MS/RBC
7/25 TBD    Lockheed Martin filed debt shelf Baa1/BBB+
7/25 $1.0B? Iraq: US$ debt(no USAID guar) US,UK roadshow first C/DB/JPM
-
MONDAY HAD $3.4B IN HIGH-GRADE CORPORATE BOND ISSUANCE:
7/24 $1.0B *Cox Communications Baa2/BBB/BBB+ 7Y +110    JPM/RBC/WFS
7/24 $1.0B *Cox Communications Baa2/BBB/BBB+ 10Y +130   JPM/RBC/WFS
7/24 $600M *Cox Communications Baa2/BBB/BBB+ 30Y +180   JPM/RBC/WFS
7/24 $500M *Colgate-Palmolive Aa3/AA- 30Y T+90          JPM/GS/WFC
7/24 $300M *Industrial Bk of Korea perpetual/NC5Y 3.90% BAML/C/HSBC/SG
-
THURSDAY HAD $4.025B IN ISSUANCE; WEEK HAS $53.655B TOTAL ISSUANCE:
7/20 $1.75B *CIBC Aaa/AAA 5Y Covered Bond MS+47   CIBC/C/HSBC/UBS
7/20 $300M  *Church & Dwight 4-part: 1.5Y FRN 3ml+15 BAML/MUFG/SUN/WELLS
7/20 $300M  *Church & Dwight 4-part: 5Y +65    BAML/MUFG/SUN/WELLS
7/20 $425M  *Church & Dwight 4-part: 10Y+90    BAML/MUFG/SUN/WELLS
7/20 $$400M *Church & Dwight 4-part: 30Y+115   BAML/MUFG/SUN/WELLS
7/20 $850M  *Banque Ouest Afric.Devlpm Baa1/BBB 10Y 5.25% C/JPM/NAT/STD
-
WEDNESDAY BROUGHT $15.33B IN HIGH-GRADE BOND ISSUANCE:
7/19 $500M  *Goldman Sachs A3/BBB+ 3-part debt deal: 2Y +60    GS
7/19 $2.25B *Goldman Sachs A3/BBB+ 6Y/NC5 Fxd-to-FRN +108      GS
7/19 $750M  *Goldman Sachs A3/BBB+ 6Y/NC5 FRN 3ml +100         GS
7/19 $2.0B  *Morgan Stanley A3/BBB+/A 5Y/NC3 3ml+93            MS
7/19 $3.0B  *Morgan Stanley        11Y/NC10 Fxd-to-FRN +133    MS
7/19 $2.0B  *Morgan Stanley        21Y/NC20 +113               MS
7/19 $1.0B  *Couche-Tard Baa2/BBB  5Y +90           HSBC/MUFJ/WFC
7/19 $1.0B  *Couche-Tard Baa2/BBB  10Y+130          HSBC/MUFJ/WFC
7/19 $500M  *Couche-Tard Baa2/BBB  30Y+165s         HSBC/MUFJ/WFC
7/19 $1.5B *Prov.of Alberta Aa1/A+ global 5Y MS+34;T+41.5 BNP/CIBC/RBC/SCOT 
7/19 $500M *KBN Aaa/AAA Wed Tap of 2021 FRN 3ml+11      BMO/MS/NOM
7/19 $325M *Duquesne Light Hldgs Baa3/BBB- 10Y +135     JPM/MUFG/SCOT
-
TUESDAY HAD $16.05B IN HIGH-GRADE ISSUANCE; WEEK HAD $34.30B ISSUANCE SO FAR
7/18 $2.0B *Mitsubishi UFJ Fincl Grp 5Y+85              MUFG/MS
7/18 $1.0B *Mitsubishi UFJ Fincl Grp 5Y FRN 3ml+79      MUFG/MS
7/18 $1.0B *Mitsubishi UFJ Fincl Grp 10Y+103            MUFG/MS
7/18 $400M *DBS Grp Hldgs Aa2/AA- "Green" 5Y FRN:3ml+62 CA/DBS/HSBC/NAT/SG
7/18 $2.75BM *Kingdm Sweden Aaa/AAA/AAA 144a/RegS Tue MS-6 4Y GS/HSBC/NOM
7/18 $300M *Korea Hydro &Nuclear Pwr Aa2/AA 144a/RegS 10Y+95 C/GS/SCB/UBS
7/18 $1.5B *Land NRW Aa1/AA-/AAA  RegS 2Y MS+7        DAIW/HSBC/SCOT/SG
7/18 $2.5B *Bank of America Baa1/BBB+ 4Y/NC3 +85        BAML
7/18 $1.0B *Bank of America  "        4Y/NC3 FRN 3ml+   BAML
7/18 $1.6B *Bank of America  "        6Y/NC5 +100       BAML
7/18 $2.0B *Bank of America  "        11Y/NC10+133      BAML
-
MONDAY BRINGS $18.25B IN HIGH-GRADE ISSUANCE:
7/17 $2.5B *Citi Baa1/BBB+/A  6Y/NC5 Fxd-to-FRN +103      C 
7/17 $750M *Citi Baa1/BBB+/A  6Y/NC5 FRN      3ml+97      C
7/17 $2.5B *Citi "            11Y/NC10 Fxd to-FRN +137    C
7/17 $750M *American Honda Finance A1/A+ 18M FRN 31m+15 BARC/DB/MS
7/17 $700M *American Honda Finance 3Y Fxd+45      BARC/C/JPM/SG/WFS
7/17 $300M *American Honda Finance 3Y FRN 3ml+27  BARC/C/JPM/SG/WFS
7/17 $1.0B *AerCap Ireland Capital Baa3/BBB/BBB- 10Y+140 CA/CS/DB/MS
7/17 $400M *Kroger Co. Baa1/BBB/BBB 5y +95        GS/MIZ/USB
7/17 $600M *Kroger Co.     "        10Y +140      MIZ/RBC/WFS
7/17 $500M *Kroger Co.     "        Long 30Y +180 BAML/C/MIZ 
7/17 $3.75B *Wells Fargo A2/A/A- sr unsec 5Y T+80       WFS
7/17 $2.5B  *JPMorgan           21Y/NC20 Fxd/FRN +100   JPM
7/17 $1.5B  *JPMorgan           31Y/NC30 Fxd/FRN +115   JPM
7/17 $500M *Kyobo Life 144a/RegS   30Y/NC5Y 3.95% C/JPM/NOM/UBS
FRIDAY: NO ISSUANCE SO FAR; WEEK HAD $37B IN ISSUANCE, MAINLY MON-TUES
THURSDAY HAD $7.3B IN HIGH-GRADE CORPORATE BOND ISSUANCE:
7/13 $1.5B  *JBIC A1/A+  3Y MS+39          BAML/DAIWA/JPM/NOM
7/13 $1.0B  *JBIC "       3Y 3ml+39        BAML/DAIWA/JPM/NOM
7/13 $1.25B *JBIC "       5Y MS+51         BAML/DAIWA/JPM/NOM
7/13 $1.25B *JBIC "       10Y MS+67        BAML/DAIWA/JPM/NOM
7/13 $1.00B *Marathon Oil Ba1/BBB-/BBB- 10Y +210   C/JPM
7/13 $400M  *Korea Gas Aa2/AA-/AA- 5Y+90   BNP/BAML/C/GS/SG/UBS
7/13 $400M  *Korea Gas " " "       10Y+90  BNP/BAML/C/GS/SG/UBS
7/13 $500M  *Mitsui Fudosan A2/A   10Y+130 BAML/NOM
-
WEDNESDAY HAD $2.0B IN HIGH-GRADE CORPORATE BOND ISSUANCE:
7/12 $500M *EBRD Aaa/AAA/AAA global 3Y FRN 3ml+1 BAML/HSBC/RBC
7/12 $500M *SMBC Aviation Capital Fin 5Y +115    C/CA/GS/JPM/RBC/SMBC
7/12 $1.0B *Cencosud Baa3/BBB- 144a/RegS T+210   BAML/JPM
-
TUESDAY BROUGHT $15.255B IN HIGH-GRADE CORPORATE DEBT:
7/11 $500M *Internatl Fin Corp Aaa/AAA $500M Dec2022 FRN 3ml+7 C/DB/NOM
7/11 $1.0B *Municipality Finance Aa1/AA+ Sep2020 MS+9s DAIWA/DB/NOM/TD
7/11 $1.25 *CAF Aa3/AA-/AA global  3Y MS+45           BARC/BAML/DB 
7/11 $1.0B *Indonesia Baa3/BBB- 10Y: 3.9%(also EUR 7Y) BNP/C/DB/GS 
7/11 $1.0B *Indonesia Baa3/BBB- 30Y: 4.8%              BNP/C/DB/GS 
7/11 $500M *Takeda Pharmaceutical A1/A- 144a/Regs 4.5Y+55 C/GS/JPM/MS/NOM
7/11 $1.1B *BkNova Scotia A1/A+/AA- sr 3Y+70s low     BAML/HSBC/JPM/MS/SCOT
7/11 $400M *BkNova Scotia A1/A+/AA- sr 3Y FRN 3ml+39  BAML/HSBC/JPM/MS/SCOT
7/11 $800M *Banque Fedv Credit Mutuel Aa3/A 3Y Fxd T+70    BNP/C/MS/WFS
7/11 $500M *Banque Fedv Credit Mutuel Aa3/A  3Y FRN 3ml+39 BNP/C/MS/WFS
7/11 $800M *Banque Fedv Credit Mutuel Aa3/A 5Y Fxd T+80    BNP/C/MS/WFS
7/11 $400M *Banque Fedv Credit Mutuel Aa3/A 5Y FRN 3ml+73  BNP/C/MS/WFS
7/11 $500M *ANZ NZ Intl A1/AA              3Y+70      ANZ/BAML/JPM/RBC
7/11 $500M *ANZ NZ Intl A1/AA              10Y +112   ANZ/BAML/JPM/RBC
7/11 $2.5B *PEMEX Baa3/BBB+/BBB+ Tap 6.5% 2027: 5.75%  BBVA/HSBC/JPM/SANT
7/11 $2.5B *PEMEX Baa3/BBB+/BBB+ Tap 6.75% 2047:6.90%  BBVA/HSBC/JPM/SANT
- 
3/21 $500M Paraguay US$ sovrgn bond; March 20-21 rdshw (US,EU) Citi
2/9 $1.0B  AFD US$ RegS bond delayed Tues:choppy mkt  3Y  BARC/BNP/DB/JPM
2/9 TBD    Columbia Baa2/BBB/BBB Lg10Y+185s;Tap 5% Jun'45 +235s C/ITAU/MS
2/9 TBD    United Technologies A3/A- said Dec.14 will do debt early 2017
2/9 $350M  PG&E Corp Baa1/BBB mixed SEC shelf registration
2/2 TBD    Columbia Baa2/BBB/BBB Lg10Y+185s;Tap 5% Jun'45 +235s C/ITAU/MS
2/2 TBD    United Technologies A3/A- said Dec.14 will do debt early 2017
2/2 $350M  PG&E Corp Baa1/BBB mixed SEC shelf registration
--
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$CO$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.