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

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

11/9  BM     UPS   A1/A+            3Y+40s         BARC/GS/JPM/SG/WFS

11/9  BM     UPS Talk $10B deal order bk:3Y FRN L-Eqv BARC/GS/JPM/SG/WFS

11/9  BM     UPS   "                5Y +60s        BARC/GS/JPM/SG/WFS

11/9  BM     UPS   "                5Y/FRN L-Eqv   BARC/GS/JPM/SG/WFS

11/9  BM     UPS   "                7Y+70s         BARC/GS/JPM/SG/WFS

11/9  BM     UPS   "                10Y+80s        BARC/GS/JPM/SG/WFS

11/9  BM     UPS   "                30Y+100s       BARC/GS/JPM/SG/WFS

11/9  BM     Daimler Fin 3Y Fxd +62.5; FRN L-Eqv  BARC/C/CAC/GS 

11/9  $250M #Interstate P&L Co. Baa1/A-:Tap 3.25% '24 T+75 BNY/MIZ/WFS

11/9  BM     BNP Paribas Baa1/A-/A+ preferred 10Y +135s    BNP

11/9  $550M #Duke Energy Carlns Aa2/A RgS/FMB 30Y+90 BNP/C/SCOT/TD/WFC

11/9  TBD    Israel Electric Baa2/BBB US meetings Oct.30-Nov3 JPM

11/9  TBD    Hanjin Bank: Potentl US$ deal w/ KEXIM Guar? BNP/DAIWA/GS

11/9  TBD    Philippines Baa2/BBB/BBB- US mtgs Oct 6-13 C/DB/MS/SCB

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

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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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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

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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

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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 

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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

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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

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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

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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

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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$CO$]