US$ High-Grade Credit Supply Pipeline - Nov. 20, 2017

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

11/20 $800M  #Reliance Industries Baa2/BBB+ 10Y +130 BAML/C/HSBC/BARC/JPM/STAND

11/20 $1.5B  #Nigeria B2/B/B+ US$ sovereign 10Y 6.50%             C/STAND

11/20 $1.5B  #Nigeria B2/B/B+ US$ sovereign 30Y 7.625%            C/STAND

11/20 $300M  #Royal Caribbean Cruises Baa3/BBB-  3Y+80          BAML/BNP/GS/MS

11/20 $500M  #Royal Caribbean Cruises "   "  Lg 10Y 137.5       BAML/MIZ/MS/SMBC

11/20 $500M  #Starbucks Corp  A3/A-/A3Y          3Y+37          C/GS/USB

11/20 $500M  #Starbucks Corp  A3/A-/A3           30Y+97         C/GS/USB

11/20 BM      Macquarie Group 6Y/5C, 6Y/NC5 FRN; 11Y/NC10    BAML/C/HSBC/JPM/MCQ

11/20 BM      Express Scripts Baa2/BBB+/BBB     3Y+90S            BAML/C/MIZ

11/20 BM      Express Scripts Baa2/BBB+/BBB 3Y/NC1 FRN 3ml+85-90s BAML/C/MIZ

11/20 BM      Express Scripts Baa2/BBB+/BBB        5Y +112.5s     BAML/C/MIZ

11/21 $1.0B   ECD Aaa/AAA RegS Tues global 3Y MS+flat BARC/CIBC/HSBC/TD

11/20 $7.0B?  Alibaba Group Holdings to do $5B-$7B US$ note C/CS/GS/JPM/MS

-- Last sold US$ dollar notes in 2014: a $8.0B debt deal

11/20  TBD    Kor.Elec.Pwr Corp. Aaa2/AA/AA- Nov13 wk:US/EU/Asia mtgs BAML/C/CA

11/20  TBD    Lebanon appears to delay Nov. Eurobond, said MOF (Reuters)

11/20  TBD    Israel Electric Baa2/BBB US meetings Oct.30-Nov3 JPM

11/20  TBD    Hanjin Bank: Potentl US$ deal w/ KEXIM Guar? BNP/DAIWA/GS

11/20  TBD    Philippines Baa2/BBB/BBB- US mtgs Oct 6-13 C/DB/MS/SCB

11/20  TBD    Quatar eyed $9B in international bonds; no time yet

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FRIDAY HAD $1.3B IN HIGH-GRADE CORPORATE BOND ISSUANCE:

11/17 $850M  *Boston Properties Baa2/A-/BBb+ 7Y+100 BAML/BONY/DB/JPM/MS

11/17 $450M  *Southern Co Baa3/BBB/BBB 60Y/NC5 par 5.625% BAML/JPM/MS/UBS/WFS

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THURSDAY HAD $500M HIGH-GRADE CORPORATE BOND ISSUANCE:

11/16  $500M *Ameren Illinois A1/A     30Y FMB+93    JPM/MIZ/MUFG

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WEDNESDAY HAD A LIGHT $3.35B IN HIGH-GRADE CORPORATE BOND ISSUANCE:

11/15  $500M *Citadel Ltd Partnership BBB 144a/RegS Long 5Y 5.375% JPM/UBS

11/15  $600M *Land NRW Aa1/AA-/AAA RegS 18M FRN 3ml+5 bps  BARC/CA/COMM/HSBC

11/15  $700M *Transcanada Pipeline A3/A-/A- 2Y Fxd +45         DB/MUFG

11/15  $550M *Transcanada Pipeline A3/A-/A- 2Y FRN 3ml +27.5   DB/MUFG

11/15  $1.0B *HSBC Holdings 6Y/NC5 Fxd to Frn +100              HSBC 

11/15  N/A    Fannie Mae passed on its benchmark note issuance slot Wed 

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TUESDAY HAD $9.8B IN HIGH-GRADE CORPORATE BOND ISSUANCE:

11/14  $3.5B *Freddie Mac to do 3Y Reference Note US 3Y+8.5 bps

11/14  $2.0B *World Bank Aaa/AAA global Tues 10Y MS+21  BARC/BNP/NOM/TD

11/14  $500M *Leggett & Platt Baa1/BBB+ 10Y+120        JPM/MUFG/USB/WFS 

11/14  $300M *Southwest Airlines A3/BBB+/BBB+ 5Y+70    C/GS/MS

11/14  $300M *Southwest Airlines A3/BBB+/BBB+ 10Y+11   C/GS/MS

11/14  $600M *Schlumberger                    5Y+60    BAML/HSBC/JPM

11/14  $500M *Schlumberger                    3Y+43    BAML/HSBC/JPM

11/14  $900M *Anthem Inc. Baa2/A/BBB 3Y+75        BAML/CS/UBS

11/14  $750M *Anthem Inc. Baa2/A/BBB 5Y+90        BAML/CS/UBS

11/14  $850M *Anthem Inc. Baa2/A/BBB 7Y+110       BAML/CS/UBS

11/14  $1.6B *Anthem Inc. Baa2/A/BBB 10Y+130      BAML/CS/UBS

11/14  $1.5B *Anthem Inc. Baa2/A/BBB 30Y+155      BAML/CS/UBS

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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  $600M *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  $600M *American Honda Finance A2/A+ 2Y T+35    BARC/BAML/C/JPM

11/13  $350M *American Honda Fin. A2/A+ 2Y FRN 3ml+15 BARC/BAML/C/JPM

11/13  $500M *American Honda Finance A2/A+ 5Y +53     BARC/BAML/C/JPM

11/13  $300M *American Honda Fin A2/A+ 5Y FRN +3ml+47 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  $500M *Deutsche Bank NY Baa2/BBB-/BBB+ 5Y FRN    DB

11/13  $1.1B *Deutsche Bank NY Baa2/BBB-/BBB+ 5Y T+125  DB

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FRIDAY: NO HIGH-GRADE CORPORATE ISSUANCE.

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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

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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

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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

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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

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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

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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$CO$]