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US$ High-Grade Credit Supply Pipeline - November 30, 2018 

*** PRICED: $5B *JPMorgan Debt Offering in 2-Parts
$24.3b Priced This Week
     NO NEW ISSUANCE FRIDAY
-
*** PRICED: $1b *Bank of New York Mellon
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/29  $1b *Bank of New York Mellon 2NC1 FRN 3mL +30
11/29  $1b *BB&T 5Y +93
11/29  $500m *Niagara Mohawk Power Corp 10Y +125
-
$2.5b Priced Thursday
-
*** PRICED: $5B *JPMorgan Debt Offering in 2-Parts
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/28  $5b *JPMorgan $2.5b 6NC5 Fixed-to-FRN +115, %2.5b 11NC10 Fixed-to-FRN
+140
11/28  $1B *EIB 3Y FRN SOFR +32
11/28  $1B *Archer-Daniels-Midland $400m Long 3Y +58, $600m Long 30Y +123
11/28  $1B *State Street $500m 6NC5 Fixed-to-FRN +92, $500m 11NC10 +110
11/28  $400m *ERP Operating 10Y Green Bond +112
11/28  $350m *Tyco Electronics Group 1.5Y FRN 3mL +45
-
$8.75B Priced Wednesday
-
*** PRICED: $3.5B *Home Depot Debt Offering in 4-Parts
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/27  $3.5B *Home Depot $700m 3Y +48, $300m 3Y FRN L +31, $1B 10Y +93, $1.5B
30Y +128
11/27  $2B *IBM Credit $750m 2Y +65, $750m 2Y FRN 3mL +47, $500m 3Y +75
11/27  $1.5B *WestRock $750m Long 7Y +170, $750m Long 10Y +185
11/27  $1.1B *Consolidated Edison $500m 10Y +95, $600m 30Y +135
11/27  $600m *African Development Bank $500m WNG 3Y +16.7, $100m Short 2Y FRN at
SOFR +32 
11/27  $500m *NWB 4Y MS +12
-
$9.2B Priced Tuesday
-
*** Priced: $2.5B *National Australia Bank in 3-Parts
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/26  $2.5B *National Australia Bank $750m 3Y +88, $600m 3Y FRN 3mL+71, $1.15b
5Y MS +45 
11/26  $600m *Virginia Electric & Power 30Y +132
11/26  $450m *Harley Davidson Financial Long 2Y FRN 3mL+94
11/26  $300m *Tuscan Electric Power 30Y +155
11/26  $500m African Development Bank 3Y Green Bond
11/26  $500m NWB WNG 12/22 MS +12a
11/26  $Benchmark NAB 3Y, 3Y FRN Bond, 5Y Covered Bond
-
$3.85B Priced Monday
-
$11.15b Priced Last Week
-
No New Issuance Thursday or Friday
-
*** Priced: $1.25b *Kommuninvest Long 3Y MS +6
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/21  $1.25b *Kommuninvest Long 3Y MS +6
-
$1.25b Priced Wednesday
-
*** Priced: $750 *HSBC Bank Canada 3Y Covered MS +33
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/20  $1b Kommuninvest Long 3Y, IPT MS +7a
11/20  $1b *ADB 2Y MS -5
11/20  $750 *HSBC Bank Canada 3Y Covered MS +33
11/19  $5.5b *Takeda Debt Offering in 4-parts; $1b 2Y +105, $1.25b 3Y +120,
       $1.5b 5Y +155, $1.75b 10Y +200
-
$1.75b Priced Tuesday
-
*** Priced: $5.5b *Takeda Debt Offering in 4-parts
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/19  $5.5b *Takeda Debt Offering in 4-parts; $1b 2Y +105, $1.25b 3Y +120, 
       $1.5b 5Y +155, $1.75b 10Y +200
11/19  $1.25b *DBS 3Y Covered Bond MS +31
11/19  $1b ADB IPT MS -5a
11/19  $1b *Kexim $500m 3Y +67.5, $500m 5Y +87.5
11/19  $400m *Wisconsin Public Service 3Y +55
-
$8.15b Priced Monday
-
No New Issuance Friday, $21.32b Priced Last Week
-
*** PRICED $1b NWB 3Y MS +6
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/15  $1b *NWB 3Y MS +6
11/15  $750m *CAF 5Y MS +79
11/15  $620m *The Government of Bermuda Long 10Y +175
-
$2.37b Priced Thursday
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/14  $12.7b DowDuPont Debt Offering 8-Part; $1.5B 2Y +90, $500M 2Y FRN 3mL
+71,
       $2.5b 5Y +125, $300m 5Y FRN 3mL +111, $1.85b 7Y +145, $2.25b 10Y +160, 
       $1.65b 20Y +195, $2.15b 30Y +205
11/14  $1B NWB WNG 3Y; IPT MS +7a
11/14  $400m Kilroy Realty 10Y Green Bond +168
11/14  $Benchmark ICBC New York Branch FRN 3Y 3mL +100a, 5Y 3mL +110a
11/14  $Benchmark CAF 5Y MS +80a
-
$13.1b Priced Wednesday
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/13  $1.75B US Bank NA/US Bancorp; $700m 3Y +55, $300m 3Y FRN 2mL +38, $750m
7Y +90
11/13  $1B Boston Properties 10Y Green Bond +140
11/13  $500m World Bank 7Y Green Bond MS +7a
11/13  $1.2B Marriott International $550m 2Y FRN 3mL +60, $350m 5Y +120, $300m
10Y +155
11/13  $1.4B Svenska Handelsbanken 5Y +95
-
$5.85B Priced Tuesday
$20.75B Priced Last Week
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/07 $8b Volkswagen Grp of America 7-part (last issued in early 2017 was very
well subscribed)
      $1.25b 2Y +95, $1.25b 2Y FRN L +77, $1.5b 3Y +110, $750m 3Y FRN L +94,
      $1.25b 5Y +130, $750m 7Y +150, $1.25b 10Y +165
11/08 $4b Inalum $1b 3Y at yld 5.5%, $1.25b 5Y at 6%, $1b 10Y at 6.875%, $750m
      30Y at 7.375%
11/08 $1b Baidu 2-part $600m 5.5Y +133, $400m 10Y +170
-
$5B Priced Wednesday
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
11/07 $3b #Shell International Finance Debt Offering in 3-parts; 
      $1b 5Y +53a, $500m 5Y FRN at L +40a $1.5b 10Y +75a
11/07 $2b #Santander UK; $1b 6NC5 +173, $500m 3Y +83, $500m 3Y FRN 3mL +66
11/07 $Benchmark Volkswagen Grp of America 7-part (last issued in early 2017 was
very well 
      subscribed) 
      2Y +95a, 2Y FRN L-equiv, 3Y +110a, 3Y FRN L-equiv, 5Y +130a, 7Y +150a, 10Y
+165a
11/07 $Benchmark ING Groep long 7Y (12Y Euro-denominated Gr bond)
11/07 $Benchmark Barclays 4NC3 fix/FRN +170, 4NC3 FRN Libor equiv
-
$1.25B Priced Tuesday, $2.75B/wk
11/06 $1.25B *Rentenbank 5Y +5
-
$1.5B priced Monday
11/05 $500M *Ameren Illinois WNG 30Y +110a
11/05 $1B *Duke Energy Carolinas 3Y +38, 10Y +80
-
No new issuance Friday, $21.75B priced on wk
-
$6.75B priced Thursday
11/01 $3B *American Express $1.25B 3Y +80, $1B 3Y FRN +60, $750M 7Y +118
11/01 $1.35B *GM Financial $1B 3Y +130, $350M 3Y FRN +110
11/01 $2B *BP Capital Markets Amer $1B Long 5Y +83, $1B 10Y +110
11/01 $400M *One Gas WNG 30Y; IPT +118
-
$4.7B Priced Wednesday
10/31 $1.75B *Daimler Finance $1.25B 3Y fix +85, $500M 3Y FRN +67
10/31 $1B *Swedish Export Credit WNG 3Y +6
10/31 $800M *Mubadala Development 10Y +135 
10/31 $500M *BNG Bank WNG 3Y +5
10/31 $650M *Canadian National 30Y +105
-
$5.3B priced Tuesday
10/30 $1B *Oesterreichische Kontrollbank (OKB) WNG 5Y, +8
10/30 $1B *TD Ameritrade $600M 3Y +43, $400M 5Y +85
10/30 $1B *Stanley Black and Decker $500M @ 10Y +115, 30Y +150
10/30 $900M *Corning $550M 30Y +200, $300M  50Y +250, $50M tap GLW 4.7%
10/30 $800M *Eastman Chemical $300M 3Y +70, $500M 10Y +150
10/30 $300M *Ryder WNG 5Y +95
10/30 $300M *Cleveland Electric Illuminating 12Y +145
-
$5B priced Monday
10/29 $850M *Consumer Energy $300M 10Y +73, $550M 30Y +103
10/29 $550M *Aflac WNG 30Y +145
10/29 $500M *Shinhan Bank 5Y +105
10/29 $300M *Southwestern Public Service WNG 30Y +110
10/29 $1.1B *Charles Schwab $500M +5Y +67, $600M +10Y +97
10/29 $700M *Boeing WNG $350M 10Y +67, $350M 30Y +92
-
No new issuance Friday, just over $16.5B priced on week
10/25 $2.25B *Province of Alberta 5Y +25
-
$6.625B priced Wednesday
10/24 $3B *Japanese Bank of Int Cooperation (JBIC) $2B 5Y, $1B 10Y
10/24 $1.4B *SunTrust Bank $600M 3NC2 +70, $300M 3NC2 FRN +50, $500M 7Y +103
10/24 $1.1B *United Rentals 8NC3 
10/24 $625M *National Rural Utilities, $325M 10Y +78, $300M 30Y +108
10/24 $500M *Kimberly-Clark WNG 10Y +85
-
$5B Priced Tuesday
10/23 $3B *EIB WNG 5Y +6
10/23 $2B *Netflix 10.5NCL split: $800M US$ 6.25%a and E1.1B 4.625%a
- 
$2.65B priced Monday
10/22 $2.15B *Constellation Brands $650M 3NC1 +70, $500M 7Y +130, $500M 10Y
+150, $500M 30Y +190
10/22 $500M *Keycorp WNG 7Y +103
--MNI Chicago Bureau; +1 630-698-0154; email: ryan.martin@marketnews.com
[TOPICS: MTABLE]
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