MNI China Daily Summary: Thursday, June 20

NORGES BANK HEAD: EITHER HIKE OR EARLIER CUT POSSIBLE

NORGES BANK HEAD SEES POLICY RATE AT 4.5% TO END YEAR

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

CHINA PBOC CONDUCTS CNY20 BILLION VIA 7-DAY REVERSE REPOS THU

MNI: PBOC Sets Yuan Parity Higher At 7.1192 Thu; -1.93% Y/Y

IFO Upwardly Revises 2024 Growth Forecast by 0.2pp to +0.4% Y/Y

NOK Little Changed Ahead of Norges Bank; Hold In Rates Expected

Intermediate Goods Deflation Continues to Fade in May PPI

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US$ High-Grade Credit Supply Pipeline - May 31, 2018 

Issuance remains light
     Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
No new issuance Thursday
-
$2.45B priced Wednesday
05/30 $1.8b *L3 Technologies $800M 5Y +122, $1B 10Y +157
05/30 $650M *Southern California $300M 5Y +75, $350M Tap EIX 4.125% +135
-
No issuance Tuesday
-
No new issuance on Fri's shortened/pre-holiday session, $22B priced on week
-
$2.5B priced Thursday, 
05/24 $1B *Yara Int 10Y +180
05/24 $600M *Hunt Oil WNG 10Y 6-5-6.25%a
05/23 $500M *Tokyo Metropolitan Govt WNG 5Y +42
05/24 $400M *Graham Holdings 8NC3 5.75%
- 
$16.6B priced Wednesday
05/23 $11.5B *Vodafone Grp 6-tranche launched:
      $2B long 5Y fix +110, $1B long 5Y FRN +99, $1.5B 7Y +135, 
      $3B 10Y +155, $1B 20Y +200, $3B 30Y +215
05/23 $1B *Equifax (upsized from $600M) $300M 3Y fix +105, $300M FRN +87, $400M
5Y +135
05/23 $850M *Harris Corp 10Y +140
05/23 $1.75B *Santander UK PLC, $1B 3Y fix +80, $750M 3Y FRN +62
05/23 $1.5B *Export-Import Bank of Korea $800M 3Y FRN +57.5, $700M 5Y FRN +77.5
- 
$2.3B priced Tuesday
05/22 $1B *US Bank NA $500M 3NC2 fix/FRN +60, $500M 3NC2 FRN +29
05/22 $1.3B *Spirit Aero 3-part, $300M WNC 3NC1 FRN +80, 5Y +105, 10Y +155
- 
Only $600M priced Monday
05/21 $300M *Unum Group 40NC5 6.25%
05/21 $300M *Citizens Financial PerpNC5 fix/FRN 6.00%
- 
No new issuance Friday after $35.05B priced on week
- 
$5.75B priced Thursday
05/17 $2.5B *Svenska $1.25B 3Y fix +65, 1.25B 3Y FRN +47
05/17 $1.95B *Schwab $600M 3Y fix +50, $600M 3Y FRN L+32, $750M 7Y +80
05/17 $750m *Valero Energy 10Y +125
05/17 $500M *Province of New Brunswick 10Y +50
- 
Only $1.8B priced Wednesday
05/16 $1B *Kommunivest 3Y +6
05/16 $800M *Harley-Davidson Fncl $450M 2Y FRN +50, $350M 3Y +80
- 
$9.725B priced Tuesday
05/15 $2.6B *Citigroup $1.25B 6NC5 fix/FRN +112.5, $1B 6NC5 FRN, $350M Tap of C
4.450% 2027
05/15 $2B Diego $500M each 2Y fix +45, 2Y FRN +24, 5Y +63, 10Y +85
05/15 $2B *Republic of South Africa $1.4B 12Y, $600M 30Y
05/15 $1.75B *RBS 11NC10 fix/FRN +182
05/15 $1B *Swedish Export Credit 3Y +9
05/15 $375M *Avista WNG 30Y +115 (upsized from $350M)
- 
$17.83B Priced Monday
05/14 $8B *Maple Escrow Sub (Keurig Dr Pepper) 6-part
      $1.75B 3Y +85, $2B 5Y +120, $1B 7Y +145, $2B 10Y +160, $500M 20Y +185,
$750M 30Y +195
05/14 $2.25B *Bank of America 4NC3 fix/FRN +80
05/14 $2B *American Express $1.2B 3Y +68, $800M 3Y FRN +52.5
05/14 $1.5B *Goldman Sachs 8NC7 FRN, L+117
05/14 $1B *Fidelity Ntnl WNG $400M 10Y +130, $600M 30Y +175
05/14 $800M *Great-West Lifeco Finance $300M 10Y +105, $500M 30Y +145
05/14 $500M *Canadian Pacific Railway WNG 10Y +102
05/14 $500M *AEP Texas 10Y +100
05/14 $430M *Ameren Illinois WNG 10Y +82
05/14 $400M *San Diego Gas & Electric 30Y +105
05/14 $Benchmark Swedish Export Credit 3Y +12a
05/14 $500M Alcoa 10NC5 
-
No new corporate issuance Friday, surprisingly decent $41.98B on week
- 
$13.65B priced Thursday, surprisingly decent $41.98B on week
05/10 $6B *HSBC $2B 3NC2 FRN +60, $2B 6NC5 +112, $2B 6NC5 +100
05/10 $6B *GlaxoSmithKline 5-part:
      $1.25B 3Y fix +55 $750M 3Y FRN +35, 
      $1.25B 5Y +65, $1B 7Y +80, $1.75B 10Y +90
05/10 $1.25B *ANZ $500M 3Y fix +65, $750M 3Y FRN L+46
05/10 $400M *Southern California Fas WNG 30Y +100
-
$8.3B priced Wednesday
05/09 $4.5B *Barclays $1.25B 6NC5 fix/FRN +150, $1.5B 6NC5 +135, $1.75B 11NC10
fix/FRN +197
05/09 $2B *Caterpillar 4-part: 
      $650M 2Y fix +43, $600M 2Y FRN +18, 
      $500M 5Y fix +63, %250M 5Y FRN +51
05/09 $1.8B *Centene Corp 8NC3 sr notes
- 
$15.28B Priced Tuesday
05/08 $1.78B *Verizon 7Y FRN +110
05/08 $7.5B *General Dynamics 7-part: 
      $2B 2Y fix +55, $500M 2Y FRN +29, $2B 3Y fix +60, %00M 3Y FRN +38
      $750M 5Y +65, $750M 7Y +77, $1B 10Y +85
05/08 $3B *Westpac Banking $750M 2Y fix +55, $500M 2Y FRN +28, $1B 5Y fix +85,
$750M Y FRN +72
05/08 $1.75B *Skandinaviska Enskilda Banken AB (SEB), $650M 3Y fix +65, $1.1B 3Y
FRN +43
05/08 $1.25B *Huntington, $750M 3Y fix +68, $500M 7Y +112.5
-
$4.75B priced Monday
05/07 $1.2B *Bank of America PerpNC5 6%
05/07 $1B *Kellogg $400M 3Y +65, $600M 10Y +140
05/07 $1B *Consolidated Edison $300M 10Y +85, $700M 40Y +140
05/07 $500M *Amcor Finance 10Y +158
05/07 $500M *Clorox 10Y +97
05/07 $550M *PACCAR Financial $300M 3Y fix +48, $250M 3Y FRN +26
-
Potential upcoming issuance:
* $Benchmark, United Technologies
* $Benchmark, Coca-Cola (KO)
* $Benchmark Qualcomm, history of large annual issuance
- 
No new issuance Friday, $18.55B priced on week
- 
Near $6B priced Thursday
05/03 $2.5B *Transcanada Pipelines $1B 10Y +135, $500M 20Y +165, $1B 30Y +180
05/03 $1.2B *Hershey $350M 2Y +45, $ 350M 3Y +50, $500M 5Y +60
05/03 $800M *Republic Services 10Y +118
05/03 $500M *Florida Power & Light WNG 30Y +100
05/03 $400M *S&P Global 30Y +145
05/03 $550M *EBRD 4Y FRN 3ML +1a, launched late Wednesday
- 
No high-grade supply priced Wednesday
-
$4.9B Priced Tuesday, mostly Lloyds 3Y fix/FRN, 7Y fix
05/01 $3.75B *Lloyds, $1.25B 3Y fix +70, $1B 3Y FRN L+49, $1.5B 7Y fix +153
05/01 $550M *Consumer Energy Co 30Y +97
05/01 $600M *American Builders & Contractors 8NC3 Sr notes, downsized from $800M
- 
$7.65B priced Monday
04/30 $4B *Daimler Finance NA, 7-part:
  $500M 2Y fix +65, $500M 2Y FRN +39, $1B 3Y fix +77, $700M 3Y FRN +55, 
  $600M 5Y fix +95, $400M 5Y FRN +84, $300M 10Y tap +105
04/30 $1.5B *Ford Motor Credit $900M 5Y fix +135, $600M FRN +123.5
04/30 $1.3B *Texas Instruments Inc, 30Y +107
04/30 $525M *DTE Electric Co WNG 30Y +97
04/30 $350M *Indiana Michigan Power 10Y +95
--MNI Chicago Bureau; tel: +1 312-431-0089; email: bill.sokolis@marketnews.com
[TOPICS: MTABLE]
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.

    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        window.dataLayer.push({
    'event' : 'logedout',
    'loggedOut' : 'loggedOut'
  });
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        (function appendPosts () {  
    var policyPosts = document.getElementsByClassName('policy-posts-wrapper')[0];
    var policyPostsMenu = document.querySelector('.policy-posts-span');
    policyPostsMenu.append(policyPosts);
    policyPosts.style.display = "block";
  
    var empolicyPosts = document.getElementsByClassName('em-policy-posts-wrapper')[0];
    var empolicyPostsMenu = document.querySelector('.em-policy-posts-span');
    empolicyPostsMenu.append(empolicyPosts);
    empolicyPosts.style.display = "block";

    var dataPosts = document.getElementsByClassName('data-posts-wrapper')[0];
    var dataPostsMenu = document.querySelector('.data-posts-span');
    dataPostsMenu.append(dataPosts);
    dataPosts.style.display = "block";
})();
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll(".my-mni").forEach(function(item){
  item.href="/core/users/email_login/";
  item.innerHTML="Log In";
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelector('.signup-form').addEventListener('submit', () => {
  window.dataLayer = window.dataLayer || [];
  dataLayer.push({
    'event' : 'submission_click',
    'event_category': "Sign Up Button Clicks",
     'event_label': "Posts" 
  });  
  
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){
  item.onsubmit=function(e){
    ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15});
    window.dataLayer = window.dataLayer || [];
    dataLayer.push({
      'event' : 'signup_click',
      'event_category': "Signup",
      'event_action': 'CompletedForm',
       'event_label': 'pageTitle',
      'event_value': 15
    });  
  }
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll("img").forEach(function (img) {
    img.addEventListener("contextmenu", function (e) {
      return false;
    });
  });
  document
    .querySelector(".site-logo img")
    .addEventListener("contextmenu", function (e) {
      return true;
    });
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelector('.signup-form').addEventListener('submit', () => {
  window.dataLayer = window.dataLayer || [];
  dataLayer.push({
    'event' : 'submission_click',
    'event_category': "Sign Up Button Clicks",
     'event_label': "Posts" 
  });  
  
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){
  item.onsubmit=function(e){
    ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15});
    window.dataLayer = window.dataLayer || [];
    dataLayer.push({
      'event' : 'signup_click',
      'event_category': "Signup",
      'event_action': 'CompletedForm',
       'event_label': 'pageTitle',
      'event_value': 15
    });  
  }
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        
  let posts = document.querySelectorAll(".all-content-wrapper .widget:not(.stream-story-processed)");
  window.check_story_posts(posts, "streamOfPosts");
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        function populateInputsWithAPAPI(c) {
  document.querySelectorAll('.signup-form input[name="country"]').forEach(el => {
	el.setAttribute("value", c.country_name);
  });
  document.querySelectorAll('.signup-form .country_name').forEach(el => {
	el.setAttribute("value", c.country_name);
  });

  let country_code =
    c && c.country_code ? c.country_code.toLowerCase() : "auto";
  document.querySelectorAll('.signup-form .country_code').forEach(el => {
	el.setAttribute("value", country_code);
  });
  document.querySelectorAll('.signup-form .selected_country').forEach(el => {
	el.setAttribute("value", country_code);
  });
}

const fetch = function (err, res) {
  var r = new XMLHttpRequest();
  r.open("GET", err, !0),
    (r.responseType = "json"),
    (r.onload = function () {
      var err = r.status;
      res(200 === err ? null : err, r.response);
    }),
    r.send();
};

function setupCountry() {
  if (window.preventDuplicateExec) {
    return;
  }
  window.preventDuplicateExec = true;

  window.REBELMOUSE_STDLIB.onElementInViewport({
    threshold: 0,
    firstOnly: true,
    oneTime: true,
    selector: ".signup-form",
    onIntersect: (entry) => {
      // when you need to get access to that data you call it in that way:
      let ipapiData = localStorage.getItem("ipapiData");
      if (!ipapiData) {
        fetch("https://ipapi.co/json/", function (err, ipData) {
          console.log("populating inputs with data from IP API ");
          localStorage.setItem("ipapiData", JSON.stringify(ipData));
          populateInputsWithAPAPI(ipData);
        });
      } else {
        console.log(
          "populating inputs with data from IP API data stored in local storage"
        );
        populateInputsWithAPAPI(JSON.parse(ipapiData));
      }
    },
  });
}

setupCountry();
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        /*
const sidebar = document.querySelector('.left-sidebar-container');
const stickyContent = document.querySelector('.sticky-content');
const siteContent = document.querySelector('.all-posts-stream');
if (sidebar && stickyContent && siteContent) {
  if (siteContent.clientHeight > sidebar.clientHeight) {
    console.log('grater -> ', siteContent.clientHeight + ' > ' + sidebar.clientHeight);
    stickyContent.style.height = (siteContent.clientHeight - sidebar.clientHeight) + 'px';
  }
}
*/
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        function populateInputsWithAPAPI(c) {
  document.querySelectorAll('.signup-form input[name="country"]').forEach(el => {
	el.setAttribute("value", c.country_name);
  });
  document.querySelectorAll('.signup-form .country_name').forEach(el => {
	el.setAttribute("value", c.country_name);
  });

  let country_code =
    c && c.country_code ? c.country_code.toLowerCase() : "auto";
  document.querySelectorAll('.signup-form .country_code').forEach(el => {
	el.setAttribute("value", country_code);
  });
  document.querySelectorAll('.signup-form .selected_country').forEach(el => {
	el.setAttribute("value", country_code);
  });
}

const fetch = function (err, res) {
  var r = new XMLHttpRequest();
  r.open("GET", err, !0),
    (r.responseType = "json"),
    (r.onload = function () {
      var err = r.status;
      res(200 === err ? null : err, r.response);
    }),
    r.send();
};

function setupCountry() {
  if (window.preventDuplicateExec) {
    return;
  }
  window.preventDuplicateExec = true;

  window.REBELMOUSE_STDLIB.onElementInViewport({
    threshold: 0,
    firstOnly: true,
    oneTime: true,
    selector: ".signup-form",
    onIntersect: (entry) => {
      // when you need to get access to that data you call it in that way:
      let ipapiData = localStorage.getItem("ipapiData");
      if (!ipapiData) {
        fetch("https://ipapi.co/json/", function (err, ipData) {
          console.log("populating inputs with data from IP API ");
          localStorage.setItem("ipapiData", JSON.stringify(ipData));
          populateInputsWithAPAPI(ipData);
        });
      } else {
        console.log(
          "populating inputs with data from IP API data stored in local storage"
        );
        populateInputsWithAPAPI(JSON.parse(ipapiData));
      }
    },
  });
}

setupCountry();
    

});