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US$ High-Grade Credit Supply Pipeline - May 7, 2020

Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #
05/07 $1B #HSBC Bank Canada 3Y +72
05/07 $Benchmark Chevron 3Y +125, 5Y +150, 7Y +180, 10Y +190, 20Y +195, 30Y +205
05/07 $Benchmark Newcrest Finance 10Y +325a, 30Y +350a
05/07 $Benchmark Discovery Inc 10Y +335a, 30Y +370a
05/07 $Benchmark GM 3Y +600a, 5Y +650a, 7Y +700a
05/07 $Benchmark Federal Realty Inv Trust 4Y +275, 10Y +310
05/07 $Benchmark Zoetis 10Y +180a, 30Y +215a
05/07 $Benchmark IBRD/World Bank 10Y +35
05/07 $Benchmark Citigroup 4NC3 +170a
05/07 $Benchmark CAF 3Y +220
05/07 $1B Global Payments, 10Y +255a
05/07 $500M Mohawk Ind 10Y +287a
05/07 $300M Owens Corning WNG 10Y +362a
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Flood of 16 issuers place near $30B high-grade debt Wednesday
05/06 $4.5B *GE Cap $1.35B 5Y +310a, $1B 7Y +350, $1.4B 10Y +370, $750M 12Y +385
05/06 $4.1B *AIG $1.5B 5Y +215, $1.6B 10Y +270, $1B 30Y +300
05/06 $4B *VW Group $1.5B 2Y +275, $1B 3Y +290, $1B 5Y +300, $500M 10Y +305
05/06 $3B *Sinopec $1B 5Y +180, $1.5B 10Y +205, $500M 30Y 3.35%
05/06 $3B *JP Morgan 11NC10 +225
05/06 $2B *Qualcomm $1.2B 10Y +150, $800M 30Y +190
05/06 $2B *Capital One $1B 3Y +237, $1B 7Y +310
05/06 $1.25B *Swedish Export Credit 5Y +32
05/06 $1.2B *Transcontinental Gas $700M 10Y and $500M 30Y both +255
05/06 $1B *Tennessee Valley Authority WNG 5Y +43
05/06 Under $1B issuers: $600M *Realty Income +10Y +265; $600M *Colonial Ent 10Y
+255; $500M *Sun Hung Kai Prop 10Y +210; $500M *Magellan Midstream WNG 10Y +255;
$500M *Loews WNG 10Y +250; $375m *Public Service Elec&Gas 30Y +130
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$17.45b priced Tuesday ($42.6B/wk, $44.35B/mo)
05/05 $8B *Broadcom $1B 3Y +200, $2.25B 5Y +280, $2.75B 10Y +350, $2B 12Y +365
05/05 $2B *Nextera Energy Cap 10Y +160
05/05 $2B *Sabine Pass 10Y +387.5
05/05 $1.75B *Barclays Bank 2Y +155
05/05 $1.5B *CK Hutchison $750M 10Y +190, $750M 30Y +210
05/05 $1B *QNB (Qatar Ntl Bank) 5Y +225
05/05 $500M *Clorox Co 10Y +170a
05/05 $400M *Ryder +5Y +300
05/05 $300M *WR Berkley 30Y +270
Chatter: 05/?? HSBC Canada; Loews Corp; Rep of Chile
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$25.15B Priced Monday
05/04 $8.5B *Apple, $2B 3Y +60, $2.25B 5Y +80, $1.75B 10Y +110, $2.5B 30Y +145
05/04 $4B *Amgen, $1B 2Y +150, $1.25B 10Y +170, $750M 10Y +175, $1B 30Y +185
05/04 $3.5B *Kraft Heinz $1.35B 7NCL 3.875%, $1.35B 10.75NCL 4.25%, $800m 30NCL
5.5%
05/04 $3B *Starbucks 3pt $500M 2Y +115, $1.25B 10Y +195, $1.25B 30Y +225
05/04 $2B *Altria $750M 5Y +200, $750M 10Y +280, $500M 30Y +320
05/04 $1.25B *TIAA 30Y Surplus Note +200
05/04 $1B* America Movil 10Y +225
05/04 $750M *Marsh & McLennan 10Y +170
05/04 $650M *NY Life 3Y +87a
05/04 $500M *Whirlpool 30Y +340
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$1.75B priced Friday
05/01 $1.25B #Boston Properties 10Y +262.5
05/01 $500M #D.R. Horton 5Y +225
--MNI Chicago Bureau; tel: +1 312-431-0089; email: bill.sokolis@marketnews.com
[TOPICS: MTABLE]

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