Free Trial

US$ High-Grade Credit Supply Pipeline - Nov. 8, 2017

Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/8  $2.0B  #African Development Bank Wed global 5Y MS+12 BARC/BNP/C/JPM/WFS
11/8  $500M   Suncor Energy Baa1/A- 30Y +150s              C/HSBC/MIZ
11/8  $3.0B  *KFW Aaa/AAA/AAA price Wed no grow 3Y MS-1    BMO/JPM/TD
11/8  BM      Johnson & Johnson Aaa/AAA/AAA RegS/Sr Unsec 3Y/7Y BAML/GS/JPM
11/8  BM      Johnson & Johnson " "  " RegS/Sr Uns 10Y/20Y/30Y BAML/GS/JPM
11/8  TBD     Israel Electric Baa2/BBB US meetings Oct.30-Nov3 JPM
11/8  TBD     Hanjin Bank: Potentl US$ deal w/ KEXIM Guar? BNP/DAIWA/GS
11/8  TBD     Philippines Baa2/BBB/BBB- US meetings Oct 6-13 C/DB/MS/SCB
11/8  TBD     Quatar eyed $9B in international bonds; no time set yet
     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 HAD $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
- 
THURSDAY HAD $5.0B IN HIGH-GRADE CORPORATE/SOVEREIGN ISSUANCE; WEEK: $41.1B
10/26 $1.0B *China MOF $2B deal Oct26: RegS $1B 5Y+15 bp; 2.196%
10/26 $1.0B *China MOF $2B deal Oct26: RegS $1B 10Y+25 bp; 2.687%
- Leads/book mgrs: BOC/BOCOM/ABC/CCB/CICC/C/DB/HSBC/ICBC/STAND
- China last sold US$ debt in 2004: Was $1.7B $/EUR 5Y, 7Y notes 
- The new US dollar bond will trade on HKSE; drew $22B order books (BBG) 
- S&P downgraded China rating by one step Sep 21 to A+, stable outlook
10/26 $500M *Texas Instruments Inc A1/A+//A+ 10Y T+58 BAML/BARC/JPM
10/26 $600M *Capital One Fincl Corp: 3Y+68 BAML/COF/JPM/MS/RBC
10/26 $400M *Capital One Fincl Corp: 3Y FRN 3ml+45 BAML/COF/JPM/MS/RBC
10/26 $1.5B *Capital One Financial Corp: 7Y+105 BAML/COF/JPM/MS/RBC
-
WEDNESDAY HAD $5.8B IN HIGH-GRADE ISSUANCE; WEEK: $36.1B
10/25 $2.5B *Sweden Aaa/AAA/AAA  priced 3Y MS-6    BAR/C/JPM
10/25 $2.0B *BNG Aaa/AAA/AA+     Wed 2Y MS+2      BMO/DAIWA/DB/TD 
10/25 $800M *Mongolia Caa1/B-/B- 144a/RegS 5.5% 5.625% CS/DB/JPM
10/25 $500m *Korea Hsg Fin Corp Aa2/AA- covered 5Y+100 BNP/C/ING/STAND
-
TUESDAY HAD $16.95B IN HIGH-GRADE CORPORATE BOND ISSUANCE; WEEK $30.3B
10/24 $3B    *European Stability Mechanism Aa1/AAA 5Y MS+10 C/DB/JPM
- This is the ESM's inaugural US$ 5-year benchmark note
10/24 $1B    *Canada Pensn Pln Invst Brd Aaa/AA 144a 10Y+37.95 BAML/BNP/DB/TD
10/24 $1.5B  *ADB Aaa/AAA/AAA global 10Y MS+22 C/DAIWA/HSBC/JPM
10/24 $350M  *CCDJ Aa2/A+/AA- Tues 3Y +55             BARC/UBS
10/24 1.15B  *CCDJ Aa2/A+/AA- Tues 3Y FRN 3ml+33      BARC/UBS
10/24 $3.25B *Goldman Sachs 5Y/NC4 UST+83            GS
10/24 $1.25B *Goldman Sachs 5Y/NC4 FRN 3ml+78        GS
10/24 $2.5B  *Goldman Sachs 21Y/NC20 T+108           GS
10/24 $400M  *KEXIM        3Y+90               BAML/BNP/C/CACIB/MUFG
10/24 $1.0B  *KEXIM        5Y+100              BAML/BNP/C/CACIB/MUFG
10/24 $600M  *KEXIM        5Y FRN3ml+9.25      BAML/BNP/C/CACIB/MUFG
10/24 $450M  *Boral Finance Baa2/BBB 5Y+105    C/JPM 
10/24 $500M  *Boral Finance Baa2/BBB 10.5Y+140 C/JPM
--
MONDAY HAD A BUSY $13.35B IN HIGH-GRADE ISSUANCE:
10/23 $1.75B *Citi Baa1/BBB+/A 5Y+77                  C 
10/23 $400M  *Citi Baa1/BBB+/A 5Y FRN 3ml+69          C 
10/23 $2.25B *Citi Baa1/BBB+/A 11Y/NC10+115           C
10/23 $750M  *Honeywell Intl A2/A/A RegS/Sr Unsec 2Y+28 BAML/BARC/C/GS 
10/23 $450M  *Honeywell Intl " RegS/Sr Unsec 2Y FRN 3ml+4 BAML/BARC/C/GS 
10/23 $600M  *Procter & Gamble Aa3/AA- 2Y T+20   DB/HSBC/MS 
10/23 $600M  *Procter & Gamble Aa3/AA- 3Y T+25   DB/HSBC/MS 
10/23 $600M  *Procter & Gamble Aa3/AA- 30Y T+68  DB/HSBC/MS 
10/23 $1.5B  *American Express 3Y fixed T+55     BARC/DB/RBC/WFS
10/23 $500M  *American Express 3Y FRN 3ml+33     BARC/DB/RBC/WFS
10/23 $1.65B *American Express 7Y T+80           BARC/DB/RBC/WFS
10/23 $1.0B  *BB&T A2/A-/A+ Long 3Y T+47         BB&T/GS/MS/UBS
10/23 $300M  *BB&T A2/A-/A+ Long 3Y FRN 3ml+22   BB&T/GS/MS/UBS
10/23 $1.0B  *BB&T A2/A-/A+ 7Y T+65              BB&T/GS/MS/UBS
- 
FRIDAY: $1.0B HIGH-GRADE US$ CORPORATE BOND ISSUANCE; WEEK:$20.85B
10/20 $500M *Glencore Baa2/BBB    5Y+107      BARC/C/DB/SG
10/20 $500M *Glencore Baa2/BBB    10Y+160     BARC/C/DB/SG
-
THURSDAY HAD $4.4B IN HIGH-GRADE CORPORATE DEBT; WEEK: $19.85B
10/19 $600M *Kia Mtrs Baa2/A-/BBB+ 144a/RgS 5.5Y+120 BNP/BAML/C/CA/HSBC/NOM
10/19 $300M *Kia Mtrs Baa2/A-/BBB+ 144a/RgS 10Y+125  BNP/BAML/C/CA/HSBC/NOM
10/19 $1.7B *TD Bank A2/AA-/AA- 2Y +40                BAML/C/JPM/TD/UBS
10/19 $300M *TD Bank A2/AA-/AA- 2Y FRN 3ml+15         BAML/C/JPM/TD/UBS
10/19 $1.2B *US Bank Cincinnati 3Y Fixed +37          GS/MS/USB
10/19 $300M *US Bank Cincinnati 3Y FRN 3ml+14         GS/MS/USB
-
--
Scroll Down: More Corporate, Supra/Sovergn/Agency Supply/Calendars
2017 U.S. Agency Calendar Funding Dates 
- Fannie Mae Benchmark Notes: 2017: Jan 4, Jan 25; Feb 23; March 1; March 16;
Apr 5; Apr 12; May 15; May 17; Jun 21; July 12; July 27; Aug 16; Sep 12; Oct 4;
Oct 17, Nov 15; Dec 20th;
- Freddie Mac Reference Notes: 2017: Jan 11, Jan 18; Feb 8, Feb 15; March 20;Apr
18; May 24; June 19; June 26; July 17; July 20; Aug 9; Sept 14; Sept 27; Oct 25;
Nov 13; Dec 6; Dec 14th
- FHLBanks Global Notes: 2017: Jan 19, Feb 13, Feb 28; March 8; March 22; Apr
26; May 10; June 7; June 28; July 5; Aug. 1; Aug. 23; Sept. 6; Oct. 11; Oct 19;
Nov. 8; Nov. 29; Dec. 4
Rumored/Pipeline PMC=Pending Market Conditions, TALK=Market Chatter,
NOTE=Reported Potential Deal RDS=Roadshow to Start, RDE=Roadshow Ended,
SHF=Shelf Filing
--MNI New York Bureau; tel: +1 212-669-6432; email: sheila.mullan@marketnews.com
[TOPICS: MTABLE,M$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.