US$ High-Grade Credit Supply Pipeline - March 12, 2019

$12.1B priced so far, waiting on another $4.6B

Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:

03/12 $5B *Bank of America $2.25B 6NC5 +105, $2.75B 31NC30 +135

03/12 $4.5B *World Bank 5Y +6

03/12 $1.25B *SunTrust Bank 5Y +80

03/12 $600m *American International Group (AIG) WNG 10Y +168

03/12 $750M *Kommunalbanken 2Y FRN L+4

03/12 $1.25B #American Tower $650M 5Y +103, $600M 10Y +148

03/12 $1.1B #Southern California Edison $500M 10Y +165, $600M 30Y +190

03/12 $750m #ANZ New Zealand 5Y +110

03/12 $500m #Ameriprise Financial WNG 3Y +68

03/12 $1B MuniFin WNG 5Y +16a

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$4.8B priced Monday

03/11 $2B *BB&T $1.35B 3.25Y +60, $650m 10Y +125

03/11 $1.25B *Oneok Inc. WNG 10Y +175, 30Y +223

03/11 $950m *Relx Capital 10Y +150

03/11 $600m *Dominion Energy 10Y +123, 30Y +158

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No new issuance Friday; $46.92B on week, Wed's $12B Qatar 3-part lead

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$1.5B priced Thursday, Citibank SOFR

03/07 $500M *Quest Diagnostics WNG 10Y +160

03/07 $1B *Citibank 2NC1 FRN SOFR+60

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$20.37B Priced Wednesday, $45.42B/wk

03/06 $12B *Qatar $2B 5Y +90, $4B 10Y +135, $6B 30Y +175

03/06 $4.5B *Dell Int $1.5B 5Y +160, $1.75B long 7Y +235, $1.75B long 10Y +270

03/06 $850M *Marriott Int $300M 2Y FRN L+65, $550M 5Y +120

03/06 $750M *Berkshire Hathaway Finance 30Y Tap +115

03/06 $525M *Entergy Louisiana WNG 31Y +117

03/06 $500M *Cimarex 10Y +170

03/06 $400M *Public Srvc Co of Colorado WNG 30Y +103

03/06 $500M *Delta Air Lines $425m 5Y 1st lien +70, $75m 5Y 2nd lien +90

03/06 $350M *KeyBank Ntnl Assn WNG 10Y +125

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$11.6B priced Tuesday, $25.05B/wk

03/05 $5B *Merck & Co $750m 5Y +43, $1.75B 10Y +75, $1B 20Y +90, $1.5B 30Y +100

03/05 $1B *Japan Finance Org. for Municipalities (JFM) 5Y +47

03/05 $1.75B *Glencore $1B 5Y +170, $750m 10Y +220

03/05 $1.1B *PNC Bank 2NC1 FRN L+35

03/05 $1B *Lloyds 5Y +140

03/05 $650m *MassMutual Glbl Fndng 7Y +80

03/05 $600m *Toyota Ind 3Y +58

03/05 $500m (upsized) *Lazard Group Llc 10Y +175

On tap for week:

03/-- $Benchmark Johnson Controls

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$13.45B Priced Monday; Potential $10B Qatar on tap this week

03/04 $5B *Pfizer $500m 3Y +28, $750m 5Y +43, $1.75B 10Y +75, $750m 20Y +90,

$1.25B 30Y +100

03/04 $3B *HSBC $2.5B 6NC5 +128, $500m 6NC5 FRN +123

03/04 $1.5B *John Deere Capital $650m 3Y fix +45, $250m 3Y FRN, $600m 10Y +77

03/04 $1.3B *MUFG Union Bank $1B 3Y +67, $300m 3Y FRN L+60

03/04 $1.25B *TD Bank 5Y +75

03/04 $600m *Duke Energy Progress WNG 10Y +78

03/04 $450M *Union Electric WNG 10Y +78

03/04 $350m *WEC Energy WNG 3Y +60

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$750m priced Friday

03/01 $750m *Texas Instruments 20Y +82

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No new issuance Thursday; $104.25B priced on Month!

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$5.9B priced Wednesday, $21B for week

02/27 $1B *Brooklyn Union Gas $550M 10Y +117, $450M 30Y +142

02/27 $1B *Rockwell Automation 10Y +110a, 30Y +140a

02/27 $2B *CDP Fncl 3Y +23

02/27 $500M *Stanley Black & Decker WNK 7Y +85

02/27 $500M *Travelers WNG 30Y +107

02/27 $400M *Verisk 10Y +150

02/27 $500M *Zions Bancorporation 3Y +90

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$7.15B Priced Tuesday, Mitsubishi 5-part lead  

02/26 $5.5B *Mitsubishi UFJ Fncl: $1.5B 3Y +77, $500M 3Y FRN L+70, $1.5B 5Y +95,

$1.5B 10Y +110, $500M 20Y +115

02/26 $700M *JB Hunt 7Y +135

02/26 $350M *Highwoods 10Y +160

02/26 $300M *Arizona Public Srvc 30Y +130a

02/26 $300M *Mid-America Apartments 30Y +135

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$7.95B priced Monday, CNA price late

02/25 $2.5B *Lam Research $750M 7Y +120, $1B 10Y +135, $750M 30Y +185

02/25 $1.5B *Woodside Finance 10Y +185

02/25 $1B *Pacificorp $400M 10Y +85, $600M 31Y +115

02/25 $600M *Ryder 5Y +118

02/25 $450M *Atmos WNG 30Y +112.5

02/25 $350M *RPM International 10Y +190

02/25 $300M *Regency Centers WNG 30Y +165

02/25 $1.25B *Commonwealth Bank of Australia (CBA) $750M 5.25Y +88, $500M 5.25Y

FRN +82

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No new issuance Friday

$7.9B Priced Thursday, $37B total last week ($83.25B/month)

02/21 $4.3B *Boston Sci $850M 5Y, $850M 7Y, $850M 10Y, $750M 20Y, $1B 30Y +170

02/21 $2B *Sweden WNG 3Y +0.0

02/21 $1B *CSX 10Y $600M 10Y +120, $400M 30Y +148

02/21 $600M *Florida Power & Light 30Y +95

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$15.65B Priced Wednesday

02/20 $5B *KFW 3Y +2

02/20 $4.5B *Lily $1.15B 10Y +75, $850M 20Y +90, $1.5B 30Y +100, $1B 40Y +120

02/20 $1B *Council Dvlpmnt Bnk of Europe (COE) WNG 5Y +8

02/20 $1B *Prudential Financial 31Y +137

02/20 $1.5B *BNG Bank 5Y +16

02/20 $800M *Mitsubishi UFJ lease $300M 3Y +95, $500M 5Y +110

02/20 $750M *Weyerhaeuser 10Y +225

02/20 $600M *SP Group 10Y +83

02/20 $500M *CBS WNG 10Y +167

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$13.35b priced Tuesday

02/19 $3B *Daimler Fin $1.2B 3Y +98, $700M 3Y FRN +88, $600M 5Y +123, $500M 10Y

+168

02/19 $2B *American Express $750M 2Y +55, $1.25B 5Y +95

02/19 $1.75B *Westpac $1.25B 5Y +85, $500M 5Y FRN +77

02/19 $1.6B *Caterpillar Financial $750M 1.5Y FRN +25, $850M 3Y +50

02/19 $4B *Egypt $750M 5Y, $1.75B 10Y, $1.5B 30Y

02/19 $500M *Huntington National Bank 3Y +68

02/19 $500M *Mashreqbank 5y +175

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No new issuance Thursday or Friday

Chatter Aramco shopping banks for futures issuance

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$16.85B priced Wednesday, $46.25B on week

02/13 $5B *ATT $3B 10Y +170, $2B 20Y +220

02/13 $2.8B *Tyson $800M 7Y +145, $1B 10Y +165, $1B 30Y +230

02/13 $1.5B *Goldman Sachs 5Y +112.5

02/13 $1.5B *Boeing WNG $400M 5Y +47, $400M 10Y +67, $400M 20Y +77, $300M 40Y

+102

02/13 $1.05B *Welltower $500M 5Y +117, $550M 10Y +147

02/13 $3B *EIB WNG 3Y +3 

02/13 $2B *Export Development Canada 5Y +9

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$19B priced Tuesday, $29.4B/week

02/12 $11.5B #Altria 7-tranche: $1B 3Y +100, $1B 5Y +135, $1.5B 7Y +185, $3B 10Y

+215, $2B 20Y +280, ***** $2.5B 30Y +295, $500M 40Y +320

02/12 $2.25B #3M Co $450M 3Y +28, $500M 5Y Tap +50, $800M 10Y +70, $500M 30Y Tap

+87

02/12 $750M #Bank of New Zealand 5Y +108

02/12 $2B *Bank of England 3Y +2

02/12 $1.5B *JP Morgan Chase 2NC1 +37

02/12 $1B *KDB $500M 3Y +65, $500M 5Y +85

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$10.4B Priced Monday, $1.55B more than all of last week

02/11 $3B *Union Pacific Corp $500M 3Y +50, $500M 5Y +70, $1B 10Y +105, $1B 30Y

+135

02/11 $1.5B *Citizens Bank $700M 3Y +82, $300M 3Y FRN +72, $500M 7Y +120

02/11 $1.75B *Citibank $1.25B 3NC2 fix +68, $500M 3NC2 FRN L+53

02/11 $1.25B *Total Capital Int 10Y +80

02/11 $650M *DTE Electric 30Y +100

02/11 $600M *Mondelez 7Y +115

02/11 $400M *Commonwealth Edison WNG 30Y +105

02/11 $1.25B *Deutsche Bank 3Y Sr +255

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No new issuance Thursday or Friday, $8.85B/week

-

$4.5B priced Wednesday, $8.85B/week

02/06 $2B *BP Capital Markets America $1B 7Y +82, $1B 10Y tap +92

02/06 $1.25B *Bank of Nova Scotia 5Y bail-in +92

02/06 $1.25B *CAF (Corp Andina de Fomento) 3Y +72

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$1B priced Tuesday, $4.35B/wk

02/05 $1B *Verizon WNG 10Y +120

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$3.35B priced Monday

02/04 $3B *Bank of America 11NC10 +125

02/04 $350M *Essex Portfolio LP 10Y +137.5

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No new issuance Friday, $17.5B/wk

-

$2.3B priced Thursday 

1/31 $1.75B *Bank of Montreal 5Y +92

1/31 $550M *Harley Davidson Fncl 3Y +165

- 

No new corporate, supra-sovereign issuance Wed, $3.65B priced Tue, $14.75/wk 

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1/29 $1B *Crown Castle $600M 10Y +165, $400M 30Y +215

1/29 $1.25B *Kommunalbanken 5Y MS+15

1/29 $800M *New York Life Global $400M 2Y +42, $400M 2Y FRN L+28

1/29 $600M *Jackson National Life 3Y +78

1/28 $1B Colfax $500M 5NC2, $500M 7NC3 -- this week sometime

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$11.1B priced Monday

1/28 $3B *US Bancorp $800M 2Y +45, $900M 2Y FRN L+31, $1.3B 5Y +80

1/28 $1.6B *Schlumberger $750M +5Y +122, $850M +10Y +157

1/28 $1.3B *Codelco 30Y +175

1/28 $1B *Hyundai Capital America $650M 3Y +140, $350M 5Y +173

1/28 $950M *National Rural Utilities $450M 10Y +98, $500M 30Y +125

1/28 $800M *Ontario Teachers Cadillac Fairview 10Y +140

1/28 $600M *Discover Financial WNG 7Y +187.5

1/28 $500M *Nevada Power 10Y +100

1/28 $350M *Comerica 10Y +130

--MNI Chicago Bureau; tel: +1 312-431-0089; email: bill.sokolis@marketnews.com

[TOPICS: MTABLE]