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US$ High-Grade Credit Supply Pipeline - June 17, 2019

Modest supply for week estimated at over $15B
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #:
06/17 $600M #ERP Operating 10Y +110a
06/17 $500M *Korea Electric Power (KEPCO) 5Y +75
06/17 $500M KKR Grp Finance WNG 10Y +190a
06/17 $350M Wisconsin Power and Light 10Y +110a
06/17 $Benchmark Chile 30Y +120a
06/17 $Benchmark Jackson National Life 5Y, 10Y
06/17 $Benchmark Hyundai Capital AM, 3Y +130a, 5Y +160a
- 
06/?? Chatter for next week -- Fiserv jumbo, could be >$10B
- 
$1.1B priced Thursday, $17.5B on week
06/06 $600M *Camden Property 10Y +107
06/06 $500M *IADB 3Y FRN L+3
-
$7.175B Priced Wednesday
06/05 $2.375B *Parker Hannifin $575M 5Y +85, $1B 10Y +117, $800M 30Y +145
06/05 $1.5B *TD Bank 5Y +80
06/05 $800M *PNC Bank2BC1 L+31
06/05 $750M *Morgan Stanley 3NC2 SOFR+83
06/05 $750M *WEA Finance 10Y +145
06/05 $500M *Swedish Export Credit 1.5Y FRN L+5
06/05 $500M *Allstate 30Y +125
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$6.65B priced Tuesday
06/04 $2B *CDP Financial 2Y +19
06/04 $1.5B *John Deere Capital $500M 2Y +45, $400M 2Y FRN L+40, $600M 5Y +75
06/04 $1.2B *Duke Energy $600M 10Y +130, $600M 30Y +162
06/04 $1B *Santander Hldngs 5Y +163
06/04 $350M *Liberty Mutual Grp 30Y +190
06/04 $300M *Oklahoma Gas & Electric WNG +10Y +120
06/04 $300M *Federal Realty 10Y +110
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$2.575B priced Monday
06/03 $750M *Public Service Enterprise Group (PSEG) WNG 5Y +103
06/03 $425M *Dayton Power & Light WNG 30Y +145
06/03 $1.4B *Home Depot $1B 10Y +93, $400M 30Y +120
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No new issuance Friday, Only $5.2B priced on week
- 
$1.9B priced Thursday
05/30 $1.25B *BoNY Mellon 2NC1 FRN L+28
05/30 $350M *Southern California Gas WNG 30Y +130
05/30 $300M *Entergy Mississippi WNG 30Y +127
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Only $300M priced Wednesday, $3.3B total for week
05/29 $300M GS Caltex 5Y +100
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$3B Priced Tuesday
05/28 $2B *Mastercard $1B 10Y +70, $1B 30Y +95
05/28 $300M *Pennsylvania Electric Co 10Y +135
05/28 $400M *San Diego Gas & Electric Co 30Y +140 
05/28 $300M *Southwest Gas WNG 30Y +145
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05/24 No new issuance Friday, $19.4B priced on week
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05/23 No new issuance Thursday
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$1.1B priced Wednesday
05/22 $300M *Consumers Energy Co WNG Long 30Y +100
05/22 $300M *Life Storage LP 10Y +167
05/22 $500M *Telus 30Y +155
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$10.1B priced Tuesday
05/21 $4B *World Bank long 3Y +2
05/21 $1.25B *US Bank NA $900M 3Y +48, +350M 3Y FRN L+44
05/21 $1.25B *Kommunivest 2Y +6
05/21 $1B *Tokyo Metro Gvt WNG 5Y +43
05/21 $1B *BP Capital Markets 1.5Y FRN L+25
05/21 $1B *Hong Kong SAR 5Y Green Bond +32.5
05/21 $600M *Piedmont Natural WNG 10Y +110
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$8.2B priced Monday
05/20 $2.1B *Wells Fargo $1B 3NC2 FRN +62, $1.1B fix/FRN 3NC2 +68
05/20 $1.75B *Bank of America 2NC1 L+35
05/20 $1.3B *Oncor Electric Delivery $500M 5Y +55, $300M 10Y +78, $500M 30Y +100
05/20 $1B *Goldman Sachs 2NC1 FRN SOFR +60, upsized from $500M
05/20 $1B *Cargill $650M 10Y +90, $350M 30Y +112.5
05/20 $600M *Schwab WNG 10Y +87.5
05/20 $450M *Ohio Power 30Y +118
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No new issuance Friday, $30.15B priced/wk
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$8B Priced Thursday
05/16 $2B *Dow Chemical $500M 5Y +102, $750M 7Y +135, $750M 10Y +200
05/16 $2B *Standard Chartered 6NC5 +170a, 11NC10 +200a
05/16 $1.5B *Discovery Communications LLC 10Y +180a, 30Y +255a
05/16 $2.5B *JBIC 5Y +36
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$10.5B priced Wednesday
05/15 $3B *American Express $1.25B 3Y +67, $900M 3Y FRN L+62, $850M 7Y +92
05/15 $3B *Citibank NA $1.5B 3NC2 +68, $1.5B 3NC2 FRN L+60
05/15 $3B *HSBC Holdings 11NC10 fix/FRN +160
05/15 $1.5B *Wells Fargo 2NC1 FRN +38
----  
$11.65B priced Tuesday, Waste Management 5-part lead
05/14 $4B *Waste Management 5-part $750M 5Y +75, $750M 7Y +90, $1B 10Y +105,
$500M 20Y +115, $1B 30Y +130
05/14 $2B *Caterpillar Fncl $750M 2Y +47, $750M 2Y FRN L+39, $500M 5Y +70
05/14 $2B *Suntrust Bank $1.35B 3Y +65, $650M 3Y FRN L+59
05/14 $1B *Fidelity National WNG 10Y +135
05/14 $750M *Avangrid 10Y +140
05/14 $400M *NSTAR Electric 10U +85
05/14 $1B *Nordic Investment Bank 5Y +6a
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No new issuance Monday
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No new issuance Friday, Quiet end after $51.6B priced on week
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$3B Priced Thursday
05/09 $500M *O'Reilly Automotive WNG 10Y +145
05/09 $2.5B *Asia Infrastructure Inv Bank (AIIB) 5Y +6
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$26.55B priced Wednesday ($48.6B/wk), IBM lion's share after $19B BMY Tue
05/08 $20B *IBM 8-part (est. $20-25B):
----  $1.5B 2Y +50, $1.5B 2Y FRN L+/-, 2.75B 3Y +60, $3B 5Y +80, 
----  $3B 7Y +95, $3.25B 10Y +105, $2B 20Y +130, $3B 30Y +145
05/08 $3B *EIB 5Y +6
05/08 $600M *Reinsurance Group 10Y +145
05/08 $400M *USAA Capital Corp WNG 2Y +37.5
05/08 $600M *Bell Canada 30Y +142, upsized from $500M
05/08 $1.5B *MGM China $750M 5NC2, $750M 7NC3
05/08 $450M *AvalonBay 10Y +82 Upsized from $350M
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$19.5B priced Tuesday
05/07 $19B *Bristol-Myers 9-part (book was >$60B)
----  $750M 1.5Y +20, $1B 2Y +35, $1.5B 3Y fix +45, $500M 3Y FRN L+38, 
----  $3.25B 5Y +73, $2.25B 7Y +90, $4B 10Y +105, $2B 20Y +30, $3.75B 30Y +145
05/07 $500M *Principal Financial WNG 10Y +130
-
$2.55B priced Monday
05/06 $750M *Public Service Electric & Gas, $375M 10Y +75, $375M 30Y +95
05/06 $1.1B *American Water Capital Corp, 10Y +98, 30Y +128
05/06 $700M *Consolidated Edison +122
--MNI Chicago Bureau; tel: +1 312-431-0089; email: bill.sokolis@marketnews.com
[TOPICS: MTABLE]

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