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US$ High-Grade Credit Supply Pipeline - May 29, 2019 

$20B Estimate Issuance For Week
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #:
05/29 $Benchmark GS Caltex 5Y +100a
-
$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
-
05/24 No new issuance Friday, $19.4B priced on week
-
05/23 No new issuance Thursday
- 
$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
-
$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
-
$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
-
No new issuance Friday, $30.15B priced/wk
-
$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
-
$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
-
No new issuance Monday
-
No new issuance Friday, Quiet end after $51.6B priced on week
-
$3B Priced Thursday
05/09 $500M *O'Reilly Automotive WNG 10Y +145
05/09 $2.5B *Asia Infrastructure Inv Bank (AIIB) 5Y +6
-
$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
-
$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
-
$500M priced Friday; $22.1B Priced last week
05/03 $500M *PACCAR Fncl WNG 3Y +37
-
$7.25B priced Thu, 
05/02 $2B *Starbucks Corp $1B 10Y +103, $1B 30Y +153
05/02 $1.25B *RBS 11NC10 +190
05/02 $1.5B *Saudi Telecom 10Y Sukuk +135
05/02 $1B *Florida Power $ Light 3NC6 +40
05/02 $1B *ENI 10Y +173
05/02 $500M *NWB WNG 1.5Y L+1
-
$500M Priced Wednesday, 14.35B/wk
05/01 $500M #CNA Fncl WNG 10Y +143
-
$8.3B priced Tuesday, $13.85B/wk
04/30 $3.5B *Boeing 5-part: 
----  $600M 3Y +52, $650M 7Y +75, $600M tap 10Y +85, $850M 15Y +112,$800M  30Y
+107
04/30 $2B *Barclays 6NC5 +165
04/30 $1.25B *Ford Motor Cr 10Y +260
04/30 $750M *Aon Corp 10Y +125
04/30 $300M *Textron WNG 10Y +140
04/30 $500M *Northern Trust WNG 10Y +65
-
$5.55B priced Monday
04/29 $2.5B *JP Morgan Chase, 11NC10 +117
04/29 $1.65B *Philip Morris $900M 5Y +68, $750M 10Y +100
04/29 $800M *Norfolk Southern, $400M tap NSC 3.8% and 5.1%, $400M 30Y +118
04/29 $300M *AEP Texas 30Y +120
04/29 $300M *Guardian Life WNG 5Y +60
-
No new issuance Friday, $7.2B priced on week
- 
$1.25B priced Thursday
04/25 $1.25B *OMERS Finance 5Y +26
04/? $Benchmark Tokyo Metropolitan Gov 3-7Y US$ or Euro issue chatter
04/? $Benchmark Waste Management
-
$4B Priced Wednesday
04/24 $1.5B *Royal Bank of Canada $1B 3Y +53, $500M 3Y FRN L+47
04/24 $900M *Aqua America $400M 10Y +105, $500M 30Y +135
04/24 $900M *Netflix 10.5Y 5.375% (E1.2B at 3.875%)
04/24 $700M *Penske Trucking 5Y +118
-
$1.95B priced Tuesday; $1.95B total/week
04/23 $1.25B *Rogers Communications 30Y +140
04/23 $700M *Kimberly-Clark 10Y +65
-
No new issuance Monday
-
No new issuance Thursday, mkts closed Friday
-
$8.25B priced Wednesday, $26.35B/wk
04/17 $4.5B *Bank of America $3B 8NC7 +107, $1.5B 21NC20 +110
04/17 $1.75B *Province of Ontario 3Y +15
04/17 $1B *Nationwide 4NC3 +125
04/17 $1B *Blackrock 10Y +75
-
$12.75B priced Tuesday, $18.1B/wk
04/16 $2.75B *Citigroup 6NC5 +95
04/16 $1.5B *PNC Financial 10Y +88
04/16 $4B *Walmart $1.5B 5Y +47, $1.25B 7Y +57, $1.25B 10Y +65
04/16 $1.5B *JP Morgan 30Y +115
04/16 $3B *KFW 2Y flat
- 
$5.35B priced Monday
04/15 $2.7B *BMW US Capital $750M 3Y fix +60, $300M 3Y FRN L+53, $1B 5Y +80,
$650M 10Y +110
04/15 $400M *Shinhan Bank 10Y tier 2 +157.5
04/15 $2.25B *America Movil $1B 10Y +115, $1.25B 30Y +145
- 
No new issuance Friday; $26.4B priced on week
- 
04/11 $750M DBS Grp (DBSH) 3Y +58a
-
$1.5B priced Wednesday
04/10 $1B *Panama 7Y +140
04/10 $500M *Public Storage 10Y +92
-
$19.25B total priced Tuesday, inaugural Saudi Aramco lead w/$12B
04/09 $12B *Saudi Aramco $1B 3Y +55, $2B 5Y +75, $3B 10Y +105, $3B 20Y +140, $3B
30Y +155
04/09 $2B *Toyota Motor Cr $1.25B 1.5Y FRN L+15, $750M 3Y +38
04/09 $3B *Staples $2B 7NC3 7.5%, $1B 8NC3 10.75%
04/09 $1B *Province of Manitoba 5Y +26
04/09 $750M *DBS Group 3Y +58
04/09 $500M *Waste Connections Inc. 10Y +103
-
$4.9B Priced Monday
04/08 $1.5B *CK Hutchison $750M 5Y +95, $750M 10Y +120
04/08 $1B *LG Chem $500M 5.5Y +95, $500M 10Y +117.5
04/08 $600M United Overseas Bank 10NC5 +150
04/08 $500M *SMBC Aviation Cap 5Y +125
04/08 $500M *Suncorp-Metway 5Y +103
04/08 $400M *Protective Life 5Y +78
04/08 $400M *DPL Inc 10Y +185
- 
no new issuance Friday; $20.5B priced/week
-
$750M priced Thursday
04/04 $750M *AutoZone $300M 5Y +87, $450M 10Y +127
-
$14.1B Priced Wednesday; $19.85B priced on week 
04/03 $6B *Tencent Holdings Ltd $1.25B 5Y +95, $750M 5Y FRN L+91, $500M 7Y +115,
$3B 10Y +145, $500M 30Y +160
04/03 $3B *Lowe's $1.5B 10Y +115, $1.5B 30Y +165
04/03 $1B *IHS Markit $400M 5Y +137, $600M 10Y +180
04/03 $1.25B *GM Fncl long 3Y +128
04/03 $1B *Vinci 10Y +127
04/03 $1B *AIB 6NC5 fix/FRN +195
04/03 $850M *NY Life 5Y +57 (after securing $1B 50Y +160 on Mon)
-
$4.75B Priced Tuesday; $5.75B/wk
04/02 $2B *ING Groep $1B 5Y +130, $1B 10Y +158
04/02 $1B *AIA Group 10Y +118
04/02 $1B *Province of Quebec 5Y +23
04/02 $750M *BOC Aviation 5.5Y +135
- 
$1B priced Monday
04/01 $1B #NY Life 50Y +160
-
$11B Broadcom jumbo 5-part issue stole the show late Friday; $22B total last wk
03/29 $11B Broadcom jumbo $2B 2Y +90, $1.5B 3Y +105, $2B 5Y +155, $2.5B 7Y +205,
$3B 10Y +240
-
$3.1B priced Thursday, $9.1B total for week, well off last eight week pace
03/28 $2.7B Nextera Energy Cap WNG $1B 3Y +75, $900M 5Y +95, $300M 7Y +100,
$500M 10Y +115
03/28 $400M Renaissancere Holdings 10Y +138
-
$1B priced Wednesday
03/27 $1B *Klabin Austria $500M 10Y 5.85%a, $500M 30Y 7.37%
-
$5B Mars multi-tranche lead issuance Tuesday, $7.3B priced
03/26 $5B *Mars 8-part: $600M 6Y +52, $700M 11Y +82, $600M 15Y +122, $700m 20Y
+102,
                        $300M 25Y +110, $900M 30Y +112, $500M 35Y +127, $700M
40Y +137
03/26 $1.3B *NatWest $1B 3.5Y +145, $300M 3.5Y FRN L+140
03/26 $1B *CIBC 5Y +92
-
03/22 $1.5B ADT $750M 5NCL 5.25%, $750M 7NCL 5.75%, 8NCL3 dropped
- 
$6.25B priced Thursday
03/21 $2.25B *Bank of Montreal $1.75B 3Y +65, $500M 3Y FRN L+57
03/21 $1B *Valero Energy 10Y +155
03/21 $1.5B *SocGen 5Y Sr +155
03/21 $1.5B *Brazil 10Y  4.7%
-
Small issuance Wed
03/20 $300M *Webster Financial 10Y +160
-
$4.75B Priced Tuesday; $12.6B/wk
03/19 $2B *RBS 6NC5 fix/FRN +185
03/19 $1.5B *Ingersoll-Rand Luxembourg Fin $400M 7Y +100, $750M 10Y +120, $350M
30Y +150
03/19 $1.25B *Nordea perp NC7 6.625%
-
$7.85B priced Monday
03/18 $3.5B *GlaxoSmithKline Capital $1.5B 3Y fix +50, $1B 5Y +70, $1B 10Y +90
03/18 $1.5B *BNP Paribas PerpNC5 6.625%
03/18 $1B *Target 10Y +78
03/18 $750M *SEB (Skandinaviska Enskilda Banken) 3Y +68
03/18 $700M *Louisville Gas/Kentucky Utilities WNG 26Y, 30Y
03/18 $400M *Kansas City Power $ Light WNG 30Y +115
--MNI Chicago Bureau; tel: +1 312-431-0089; email: bill.sokolis@marketnews.com
[TOPICS: MTABLE]
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