-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessUS$ High-Grade Credit Supply Pipeline - June 24, 2020
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #
06/24 $1B Xylem Inc Green +7Y +175a, 10Y +190a
06/24 $Benchmark ING 6NC5 Green +130a
06/24 $Benchmark Total Capital Int 21Y +165a, 40Y +200a
06/24 $Benchmark CoStar 10Y +250a
06/24 $Benchmark Apicorp 5Y +130a
Later in week:
06/?? American Airlines to issue $1.5B 5Y junk, chatter
06/?? United Airlines $3B 7NC3, investor call today
-
$4.95B priced Tuesday; $9.4B/wk
06/23 $1.25B *Svenska Handelsbanken 3Y +53
06/23 $1.1B *Niagara Mohawk Power Corp $100M 0Y +125, $500M 30Y +155
06/23 $1B *Arch Capital 30Y +215
06/23 $1B *MuniFin WNG 3Y +16
06/23 $600M *CNH Industrial Capital 3Y +195
-
$4.45B Priced Monday
06/22 $1.3B *Abbott Labs $650M each: +7Y +70, 10Y +85
06/22 $1.1B *Canadian Natural Resources $600M 5Y +175, $500M 10Y +225
06/22 $1B *CLP Power $750M 10Y +160, $250M 30Y +190
06/22 $700M *Femsa 30Y +190
06/22 $350M *Duke Realty 10Y +115
-
06/19 No issuance Friday; $62.65B/wk
-
In times of ZIRP/NIRP, demand for high-grade corp issuance remains strong.
Issuers adding to nearly $56B for wk, June running total already >$140B
$6.7B Priced Thursday; $62.65B/wk
06/18 $4B *T-Mobile $1B +5Y +120, $1.25B +7Y +155, $1.75B +10Y +187.5
06/18 $1.5B *Islamic Development Bank 5Y sustainable sukuk +55
06/18 $800M *China Oilfield $500M 5Y +158, $300M 10Y +190
06/18 $400M *Haitong 3Y +195
Notable Canadian issuance:
06/18 C$8B *Canadian Housing Authority (CHT) C$6B 5Y fix, C$2B 5Y FRN
-
$25.6B priced Wednesday; $55.95B/wk after slow start
06/17 $7.45B *Upjohn Inc (Viatris) $1B 2Y +95, $750M 5Y +135 & 7Y +175, $1.45B
10Y +200, $1.5B 20Y +235, $2B 30Y +250
06/17 $5B *BP Capital Mkts, $2.5B @ perp NC5.25Y 4.375%, perp NC10Y 4.875%
06/17 $2B *NetApp $750M 5Y +155, $550M 7Y +185, $700M 10Y +200
06/17 $2B *GM FNCL $1.25B 5Y +245, $750M 10Y +290
06/17 $2B *China Construction Bank 10NC5 +215
06/17 $1.25B *Belarus $500M +5Y +6.125a, $750M +10Y +6.375%
06/17 $1.25B *CIBIC 3Y +75
06/17 $1B *Rabobank 6Y +100
06/17 $1B *Barclays WNG 11NC10 +190
06/17 $900M *Schlumberger Inv 10Y +195
06/17 $650M *Amdocs 10Y +180
06/17 $600M *Pacific Life Global 5Y +90
06/17 $500M *NY Life Global 5Y +63
-
Issuance roared back Tue w/ $29.5B priced, PG&E lead w/late launch
06/16 $8.925B *PG&E $3B 2NC1 fix/FRN, $1B 7Y, $2B 10Y, $1B 20Y, $1.925B 30Y
06/16 $6B *Bank of America $3B Each 6NC5 +97, 21NC20 +137
06/16 $4.5B *Merck & Co +5Y +50, $1.25B 10Y +80, $1B 20Y +90, $1.25B 30Y +105
06/16 $1.75B *Ford Motors 5Y 5.125%
06/16 $1.5B *New Development Bank 3Y Covid bond +38
06/16 $1.25B *Danske Bank 4NC3 +100
06/16 $1.1B *Borgwarner Inc 7Y +212.5
06/16 $1B *Kommunivest +3Y +19
06/16 $750m *Carrier Global +10Y +195
06/16 $750M *Perrigo Finance 10Y +250
06/16 $600M *PLDT (Philippine Long Distance) $300M each +10Y +180, +30Y +195
06/16 $500M *Welltower +10Y +205
06/16 $400M *Guardian Life 5Y +877
06/16 $500m *Principal Life 5y +92
-
$850M Priced Monday
06/15 $500M *Ind Bank of Korea (IBK) 5Y Covid bond +72.5
06/15 $350M *Castle Peak Power 10Y +162.5
-
$1.5B Priced Friday; $31.35B/wk
06/12 $600M *Swedish Export Credit 3Y tap +21
06/12 $500M *Bemis 10Y +195
06/12 $400M *Black Hills WNG 10Y +185
-
06/11 No new issuance Thursday; $29.85B total on wk
-
$4.65B Priced Wednesday
06/10 $2.75B *TD Bank $1.75B 3Y +58, $1B 5Y +83
06/10 $500M *Florida Gas Transmission WNG 10Y +180
06/10 $500M *Pinnacle West Capital WNG 5Y +95
06/10 $500M *Creditcorp Ltd 5Y +250
06/10 $400M *Ares Finance 10Y +250
-
$13.05B To price Tuesday, $25.2B/wk
06/09 $4B *IADB 5Y +17
06/09 $3B *HP Inc $1.15B 5Y +185, $1B 7Y +240, $850M 10Y +260
06/09 $1.5B *Kommunalbanken 10Y +38
06/09 $1.5B *Credit Agricole 6NC5 +150
06/09 $1B *World Bank (IBRD) 4Y SOFR+39
06/09 $650M *Fidelity National Fncl 10Y +260
06/09 $600M *Healthpeak Properties 10Y +215
06/09 $500M *Principal Fncl 10Y +135
06/09 $300M *Westlake 10Y +260
-
$12.15B priced Monday
06/08 $3B *GE Capital $1.5B each 10Y +290, 30Y +270
06/08 $2.6B *Equinix $500M 5Y +85, $500M 7Y +115, $1.1B 10Y +130, $00M 30Y +145
06/08 $1B *Phillips 66 WNG 5Y +85, 10Y +135
06/08 $1B *Lloyds 3NC2 +110
06/08 $750M *EBay $300M 5Y Tap +70, $450M 10Y tap +145
06/08 $750M *Plains All American 10Y +295
06/08 $750M *Magna Int 10Y +162.5
06/08 $700M *Northern States Power WNG 31Y +105
06/08 $600M *Roper WNG 10Y +125
06/08 $500M *Kepco 5Y Green bond, +75
06/08 $500M *Duke Energy Fl WNG 10Y +90
-
06/05 No new issuance LAST Friday; $52.85B/wk
-
$6.6B priced Thursday; $52.85B/wk
06/04 $2.5B *Crown Castle $500M +5Y +100, $1.1B +10Y +145, $900M +30Y +165
06/04 $1B *Bank of Nova Scotia 5Y +95
06/04 $1B *Mass Mutual 3Y +62
06/04 $1B *Hormel 10Y +102
06/04 $600M *Reinsurance Group 10Y +240
06/04 $500M *PTT Exploration & Production 7Y +195
-
$10.35B Priced Wednesday
06/03 $3.5B *Federal Rep of Brazil $1.25B 5Y 3.0%, $2.25B 10Y 4.0%
06/03 $2.5B *CDP Financial 5Y +50
06/03 $1.5B *Royal Bank of Canada 5Y +85
06/03 $750M *FirstEnergy $300M +5Y +125, $450M 10Y +150
06/03 +900M *Steel Dynamics $400M 5Y +210, $500M +10Y +260
06/03 $500M *COE Covid-19 social bond WNG 3Y +10
06/03 $700M *Harley Davidson 5Y +300
-
$17.55B Priced Tuesday, $35.9B/wk already
06/02 $5B *EIB 3Y +10
06/02 $3.5B *Credit Suisse $2B 3Y +88, $1.5B 6NC5 +188
06/02 $2B *BNP Paribas 6NC5 +190
06/02 $1.8B *East Ohio Gas $500M 5Y +100, $500M 10Y +135, $800M 30Y +160
06/02 $1.5B *Truist Fncl Corp $750M each 5Y +90, 10Y +130
06/02 $1B *Infor Inc $350M 3Y +125, $650M 5Y +145
06/02 $1B *Nordea 3Y +83
06/02 $500M *Apollo Management 10Y +200
06/02 $500M *Protective Life 3Y +87.5
06/02 $400M *Baltimore Gas & Electric WNG 30Y +147
06/02 $350M *Affiliated Managers 10Y +262.5
-
06/01 $10B *Amazon $1B 3Y +25, $1.25B 5Y +50, $1.25B 7Y +70, $2B 10Y +85, $2.5
30Y +110, $2B 40Y +130
06/01 $2.5B *Colombia $1B 10.9Y +250, $1.5B 30.9Y +275
06/01 $2B *American Tower Corp $500M 5Y +105, $750M 10Y +150, $750M 30Y +170
06/01 $1.25B *Ralph Lauren $500M 2Y +160, $750M 10Y +240
06/01 $1B *MetLife 3Y +75
06/01 $900M *John Deere Cap $450M each 2Y +40, 3Y +53
06/01 $500M *Agilent WNG 10Y +150
06/01 $600M *WRKCo 13Y +240
06/01 $450M *Southwest Gas Corp WNG 10Y +155
06/01 $350M *PECO Energy WNG 30Y +135
06/01 $300M *PACCAR Fncl 3Y +65
-
No new issuance Friday May 29, but total $270.9B High-grade debt issued in May
-- nearly $1T total over last three months!
--MNI Chicago Bureau; tel: +1 312-431-0089; email: bill.sokolis@marketnews.com
[TOPICS: MTABLE]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.