Free Trial

US$ High-Grade Credit Supply Pipeline - Nov. 13, 2017

Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/13  $780M #JSB NC Kazakhstan Temir Zholy 10Y 4.8% HALYK/JPM/MUFG/REN 
11/13  $650M *Republic Services Baa3/BBB+/BBB+ 10Y +100 BNP/JPM/WFS
11/13  $400M #Carlisle Cos. Baa2/BBB       7Y +125   BAML/JPM/STRH/WFS
11/13  $1.0B #Carlisle Cos. Baa2/BBB       10Y+140   BAML/JPM/STRH/WFS
11/13  $700M #Florida Power & Light Co.    30Y+87.5  BAML/BNYM/C/MUFG
11/13  $400M #CBS Baa2/BBB/BBB          Long 5Y+100  CS/JPM/MIZ/RBC
11/13  $500M #CBS Baa2/BBB/BBB          Long 10Y+150 CS/JPM/MIZ/RBC
11/13  $5B-$7B? Alibaba Group Holdings eyed US$ note C/CS/GS/JPM/MS
-- Last sold US$ dollar notes in 2014: a $8.0B debt deal
11/13  BM     American Honda Finance A2/A+ 2Y/FRN, 5Y BARC/BAML/C/JPM
11/13  $350M #ConEd A2/A-/A- won't grow 10Y+73       C/JPM/MIZ
11/13  $350M #ConEd A2/A-/A- won't grow 40Y +115     C/JPM/MIZ
11/13  $600M #Air Lease BBB/BBB/A- 5Y+87.5   BAML/JPM/LLOYDS/MIZ
11/13  $500M #Air Lease BBB/BBB/A- 10Y+135   BAML/JPM/LLOYDS/MIZ
11/13  $500M *Westlake Chemical Corp 30Y +157/+163 BAML/DB/GS/WFS
11/13  BM     Deutsche Bank NY Baa2/BBB-/BBB+ 5Y fixed T+137.5s/FRN  DB 
11/14  BM     Freddie Mac to do 3Y Reference Note Tues
11/14  BM     World Bank Aaa/AAA global Tues 10Y MS+22s BARC/BNP/NOM/TD
11/14  TBD    Citadel Ltd Partnership sets Nov.13-14 calls JPM/UBS
11/13  TBD    Lebanon appears to delay Nov.Eurobond, said MOF (Reuters)
11/13  TBD    Israel Electric Baa2/BBB US meetings Oct.30-Nov3 JPM
11/13  TBD    Hanjin Bank: Potentl US$ deal w/ KEXIM Guar? BNP/DAIWA/GS
11/13  TBD    Philippines Baa2/BBB/BBB- US mtgs Oct 6-13 C/DB/MS/SCB
11/13  TBD    Quatar eyed $9B in international bonds; no time yet
-
FRIDAY: NO HIGH-GRADE CORPORATE ISSUANCE.
-
THURSDAY HAD $10.82 IN HIGH-GRADE CORPORATE BOND ISSUANCE:
11/9  $700M *UPS   A1/A+          3Y+35          BARC/GS/JPM/SG/WFS
11/9  $350M *UPS Tlk $10B deal order bk:3Y FRN 3ml+15 BARC/GS/JPM/SG/WFS
11/9  $1.0B *UPS   "              5Y+55          BARC/GS/JPM/SG/WFS
11/9  $500M *UPS   "              5Y FRN 3ml+45  BARC/GS/JPM/SG/WFS
11/9  $500M *UPS   "              7Y+65          BARC/GS/JPM/SG/WFS
11/9  $1.0B *UPS   "              10Y+75         BARC/GS/JPM/SG/WFS
11/9  $1.15B *UPS  "              30Y+95         BARC/GS/JPM/SG/WFS
11/9  $1.1B *Daimler Fin          3Y Fxd +62.5   BARC/C/CAC/GS 
11/9  $400M *Daimler Fin          3Y FRN 3ml+43  BARC/C/CAC/GS 
11/9  $250M *Interstate P&L Co. Baa1/A-:Tap 3.25% '24 T+75 BNY/MIZ/WFS
11/9  $1.5B *BNP Paribas Baa1/A-/A+ non-prefrrd 10Y +135  BNP
11/9  $550M *Duke Energy Carlns Aa2/A RgS/FMB 30Y+90 BNP/C/SCOT/TD/WFC
11/9  $400M *Buckeye Partners Baa3/BBB- 10Y+185   BARC/PNC/STRH
11/9  $500M *CNH Industrial NV          10Y T+158 BAML/JPM/WFS  
11/9  $100M *Brandywine Operating Baa3/BBB- $100M tap 2023:+140 BAML/C
11/9  $450M *Brandywine Operating Baa3/BBB- 10Y +170            BAML/C
11/9  $365m *Amer FinclGrp:Tap 2026 +120; Tap 2045 +155 BAML/JPM/WFS
-
WEDNESDAY HAD $13.25B IN US$ HIGH-GRADE CORPORATE BOND ISSUANCE:
11/8  $2.0B  *African Development Bank Wed global 5Y MS+12 BARC/BNP/C/JPM/WFS
11/8  $750M  *Suncor Energy Baa1/A-  30Y +125 4.0% cpn     C/HSBC/MIZ
11/8  $3.0B  *KFW Aaa/AAA/AAA price Wed no grow 3Y MS-1    BMO/JPM/TD
11/8  $500M  *Johnson & Johnson Aaa/AAA/AAA RegS/Sr Unsc 3Y+23 BAML/GS/JPM
11/8  $750M  *Johnson & Johnson: Deal Total Size: $4.5B  7Y+43 BAML/GS/JPM
11/8  $1.5B  *Johnson & Johnson " "  " RegS/Sr Uns 10Y+58  BAML/GS/JPM
11/8  $1.0B  *Johnson & Johnson " "  " RegS/Sr Uns 20Y+63  BAML/GS/JPM
11/8  $750M  *Johnson & Johnson " "  " RegS/Sr Uns 30Y+73  BAML/GS/JPM
11/8  $500M  *American Electric Power Baa1/BBB+    3Y+45   JPM/SCOT/WFS
11/8  $500M  *American Electric Power Baa1/BBB+    10Y+90  JPM/SCOT/WFS
11/8  $550M  *Mosaic Co. Baa3/BBB-/BBB-            5Y+125  BAML/BNP/GS/JPM
11/8  $700M  *Mosaic Co. Baa3/BBB-/BBB-            10Y+175 BAML/BNP/GS/JPM
11/8  $450M  *Avalon Bay A3/A-                     10Y+92  DB/MS
11/8  $300M  *Avalon Bay A3/A-           3Y/NC1 FRN 3ml+43 DB/MS
-
TUESDAY HAD A LARGE $22.25B IN HIGH-GRADE US$ CORPORATE BOND ISSUANCE:
11/7  $1.5B  *JBIC A1/A+ Tues 3Y MS+26     BARC/DAIWA/GSI/JPM 
11/7  $1.5B  *JBIC A1/A+ Tues 5Y MS+35     BARC/DAIWA/GSI/JPM 
11/7  $1.5B  *JBIC A1/A+ Tues 10Y MS+47    BARC/DAIWA/GSI/JPM 
11/7  $1.25B *Rentenbank 10Y RegS/global Tues 10Y MS+23 BARC/BMO/BAML/TD
11/7  $3.0B  *Canada Aaa/AAA/AAA glob;book:$6.15B+ 5Y+9 BMO/C/HSBC/SCOT/TD
11/7  $500M  *Nederlandse Waterschapsbk Aaa/AAA Grn 4Y MS+15 BAML/DAIWA/NOM
11/7  $1.25B *Oracle 5-part deal: Long 5Y +65        BAML/WFS 
11/7  $2.0B  *Oracle 5-part deal: 7Y  T+80           BAML/WFS 
11/7  $2.75B *Oracle 5-part deal: 10Y T+95           BAML/WFS 
11/7  $1.75B *Oracle 5-part deal: 20Y T+105          BAML/WF
11/7  $2.25B *Oracle 5-part deal: 30Y T+125 bp       BAML/WFS 
11/7  $600M  *Kellogg Co. Baa2/BBB/BBB RegS/Sr Unsec 10Y +112.5 BAML/BARC/DB
11/7  $750M  *Emirates A+/A3 RegS 5Y MS+125          ENBD/HSBC/NOM/SG/STAND
11/7  $1.0B  *CDC Aaa2/AAA/AAA RegS Sr Unsec 3Y MS+17 BNP/GS/MS/SG
11/7  $650M  *Grupo Bimbo Baa2/BBB/BBB Tues 30Y +195 HSBC/JPM/MIZ
- 
MONDAY HAD $11.1B HIGH-GRADE CORPORATE BOND ISSUANCE:
11/6  $1.0B  *Apple Aa1/AA+ Mon 2Y Fixed +20  BAML/GS/JPM
11/6  $1.0B  *Apple Aa1/AA+ Mon 3Y Fixed +30  BAML/GS/JPM
11/6  $750M  *Apple Aa1/AA+ Mon 5Y Fixed +42  BAML/GS/JPM
11/6  $1.5B  *Apple Aa1/AA+ Mon 7Y Fixed +60  BAML/GS/JPM
11/6  $1.5B  *Apple Aa1/AA+ Mon 10Y Fixed +72 BAML/GS/JPM
11/6  $1.25B *Apple Aa1/AA+ Mon 30Y Fxd +100  BAML/GS/JPM
11/6  $750M  *Corning Baa1/BBB+      40Y +175s       BAML/C/DB
11/6  $300M  *Paccar Financial RegS/Sr Unsec 3Y +33  BNP/C/MUFG/WFC
11/6  $1.0B  *ANZ NY Aa3/AA-/AA- 3Y +53              ANZ/C/MS/WELLS
11/6  $1.0B  *ANZ NY Aa3/AA-/AA- 5Y 3a2 +65          ANZ/C/MS/WELLS
11/6  $500M  *ANZ Bkg Grp Aa3/AA-/AA- 3Y FRN 3ml+32  ANZ/C/MS/WELLS
11/6  $250M  *ANZ Bkg Grp Aa3/AA-/AA- 5Y FRN 3ml+58  ANZ/C/MS/WELLS 
11/6  $300M  *Multibank BBB-/BBB- Mon Sr/Unsec 5Y T+240   MIZ/UBS
-
FRIDAY HAD $1.75B IN HIGH-GRADE US$ CORPORATE BOND ISSUANCE:
11/3  $1.75B *JP Morgan 31Y/NC30Y Fixed-to-FRN T+115  JPM
-
THURSDAY HAD $4.0B IN HIGH-GRADE US$ CORPORATE BOND ISSUANCE:
11/2  $250M  *IFC           Tap Dec 2022 FRN 3ml+6    BAML/BARC/C
11/2  $850M  *General Motors Financial 3Y Fixed T+75  BRAD/COMM/CAC/DB/JPM NATW
11/2  $400M  *General Motors Financial 3Y FRN 3ml +54 BRAD/COMM/CAC/DB/JPM NATW
11/2  $750M  *General Motors Financial 7Y             BRAD/COMM/CAC/DB/JPM NATW
11/2  $700M  *PSE&G              5Y +68               BARC/JPM/MS 
11/2  $550M  *Alabama Power      30Y +87.5            C/MUFG/SCOT/STRH/USB
11/2  $500M  *Suncorp-Metway     3Y UST+ 68           BAML/C/DB/RBCCM
--- 
10/31 BM     CAF Aa3/AA-/AA- RegS Globl Sr Unsec Tue Long 5Y MS+75s BARC/DB/HSBC
10/31 $500M  NWB Aaa/AAA Tues 1.75% Sept 2019 tap: MS+1s      BAML/DB
10/31 BM     Lloyds Bkng Grp A3/BBB+/A+  6Y/NC5               GS/JPM/LLOYDS/NOM 
10/31 BM     Lloyds Bkng Grp A3/BBB+/A+  11Y/NC10 Fxd-to-FRN  GS/JPM/LLOYDS/NOM 
10/31 BM     Constellation Brands Baa3/BBB- 2Y+60-65;3Y+70-75;5Y+85-90 BAML/JPM
10/31 BM     Amgen Benchmark Baa1/A         10Y T+100s BNP/JPM/MS
10/31 BM     Philip Morris A2/A/A           2Y, 5Y, long 10Y BARC/CS/DB
10/31 BM     Celgene Corp. Baa2/BBB+ Long 5Y, 10Y 30Y BARC/CS/GS/JPM/MS
-
MONDAY HAD $6.3B IN HIGH-GRADE CORPORATE BOND ISSUANCE
10/30 $1.0B *Ford Mtr Credit Baa2/BBB/BBB 3Y +65      BAML/BARC/CS/GS/MIZ/MS/RBC
10/30 $250M *Ford Mtr Credit  "  "  3Y FRN 3ml+43     BAML/BARC/CS/GS/MIZ/MS/RBC
10/30 $750M *Ford Mtr Credit  "  "       10Y +145     BAML/BARC/CS/GS/MIZ/MS/RBC
10/30 $750M *Citizens Bk Baa1/A-/BBB+    3Y+60        CFG/CS/JPM/MIZ/MS
10/30 $400M *Colgate Palmolive Aa3/AA- sr 5Y T+32            C/HSBC/MS
10/30 $750M *Waste Management Baa2/A-/BBB+ 10Y T+78          BAML/BARC/JPM
10/30 $1.0B *National Bank of Canada 3Y +55                  C/NBCFIN/UBS
10/30 $250M *National Bank of Canada 3Y FRN 3ml+33           C/NBCFIN/UBS
10/30 $300M *Markel Corp. Baa2/BBB/BBB+ 10Y +115             C/WFS
10/30 $300M *Markel Corp. Baa2/BBB/BBB+ 30Y +145             C/WFS
10/30 $550M *NextEra Energy Baa2/BBB/BBB RegS 60Y/NC10 4.8%  BARC/CS/GS/JPM 
-
FRIDAY HAD $1.5B IN HIGH-GRADE CORPORATE BOND ISSUANCE; WEEK: $42.6B ISSUANCE
10/27 $1.0B *Santander UK Baa1/BBB/A 11/NC10 Fxd-to-FRN+140 BAML/GS/NOM/SANT/UBS
10/27 $300M *Santander UK Plc Aa3/A 3Y FRN +70          BAML/GS/NOM/SANT/UBS
10/27 $1.2B *Santander UK Plc Aa3/A 3Y fixed: T+52 bps  BAML/GS/NOM/SANT/UBS
- 
-
Scroll Down: More Corporate, Supra/Sovergn/Agency Supply/Calendars
2017 U.S. Agency Calendar Funding Dates 
- Fannie Mae Benchmark Notes: 2017: Jan 4, Jan 25; Feb 23; March 1; March 16;
Apr 5; Apr 12; May 15; May 17; Jun 21; July 12; July 27; Aug 16; Sep 12; Oct 4;
Oct 17, Nov 15; Dec 20th;
- Freddie Mac Reference Notes: 2017: Jan 11, Jan 18; Feb 8, Feb 15; March 20;Apr
18; May 24; June 19; June 26; July 17; July 20; Aug 9; Sept 14; Sept 27; Oct 25;
Nov 13; Dec 6; Dec 14th
- FHLBanks Global Notes: 2017: Jan 19, Feb 13, Feb 28; March 8; March 22; Apr
26; May 10; June 7; June 28; July 5; Aug. 1; Aug. 23; Sept. 6; Oct. 11; Oct 19;
Nov. 8; Nov. 29; Dec. 4
Rumored/Pipeline PMC=Pending Market Conditions, TALK=Market Chatter,
NOTE=Reported Potential Deal RDS=Roadshow to Start, RDE=Roadshow Ended,
SHF=Shelf Filing
--MNI New York Bureau; tel: +1 212-669-6432; email: sheila.mullan@marketnews.com
[TOPICS: MTABLE,M$U$$$,MN$CO$]

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.