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US$ High-Grade Credit Supply Pipeline - Oct 25, 2019

Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #:
10/28 $1B #Rogers Communications Inc 30Y +142
10/28 $300M #Dover Corporation 10Y +115
10/28 $1B #Hershey Co 5Y +40, 10Y +60, 30Y +80
10/28 $1B Ashtead Capital 8.5NC3.5, 10NC5
10/28 $Benchmark Citigroup 3NC2 fix/FRN, 11NC10
10/28 $Benchmark Hyundai Capital 3Y +135a, 7Y +190a
10/?? Chatter: possible T-Mobile US 
Canadian supply
10/28 C$2.5B #Royal Bank of Canada 5Y +98
-
10/25 No new issuance Friday; $15.35B/wk
-
$7.8B Priced Thursday
10/24 $6.5B *Wells Fargo $3B 6NC5 fix/FRN +82, $3.5B 11NC10 fix/FRN +112
10/24 $800M *Norfolk Southern Corp $400M 10Y +83, $400M 30Y +120
10/24 $500M *Zions Bancorp 10Y +153
Canadian issuance:
10/24 C$450M *CN Rail 30Y +145
10/24 C$385M *Laurentian Bank NHA MBS +51
-
$1.05B priced Wednesday, $7.55B/wk
10/23 $750M *Fifth Third +5Y +80
10/23 $300M *Reliance Standard Life 5Y +95
-
$3.5B priced Tuesday, $6.5B/wk
10/22 $2.5B *Saudi Arabia 10Y Sukuk +127
10/22 $1B *CPPIB (Canada Pension Plan Investment Board) WNG 10Y +38
Canadian issuance
10/22 C$200M *Translink 300Y +102
-
$3B priced Monday
10/21 $1.5B *RBC (Royal Bank of Canada) 5Y +70
10/21 $1.5B *Delta Air Lines $900M 5Y +137.5, $600M 10Y +200
-
10/18 No new issuance Friday; $12.6B priced on week
-
$6.75B priced Thursday, $12.6B/wk
10/17 $4B *Bank of America $2B 6NC5 +88, $2B 11NC10 +113
10/17 $750M *LeasePlan 5Y +135
10/17 $750M *Bank of NY Mellon 5Y +60a
10/17 $750M *PNC Bank 10Y +100
10/17 $500M *FMO (Development Bank of the Netherlands) 5Y +20
-
$4.1B priced Wednesday, $5.85B/wk
10/16 $2B *World Bank 10Y +20
10/16 $1B *FINNVERA WNG 5Y +17
10/16 $600M *Industrial Bank of Korea $300M 3Y FRN +45, $300M 5Y +60
10/16 $500M *Bank of Montreal WNG 3Y +70
Canadian$ issuance
10/16 C$1.11B *Scotia Capital NHA MBS +50
10/16 C$500M *Fortified Trust 3Y +72
10/16 C$300M *Vancouver Airport Authority 30Y +119
-
$1.75B priced Tuesday
10/15 $1B *Credit Agricole 5.25Y +85
10/15 $750M *New York Life 2Y FRN +28
-
10/14 No new issuance Monday, $20B est/wk
-
No new issuance Friday, $29.06B on week
-
$3.35B Priced Thursday
10/10 $3B *ADB (Asia Development Bank) 5Y +13
10/10 $350M *EBRD (European Bank for Reconstruction & Development) 3Y SOFR+26
10/?? $Benchmark Industrial Bank of Korea
-
$10.065B priced Wednesday, $25.715B/wk
10/09 $7B *Rep of Italy $2.5B 5Y +105, $2B 10Y +150, $2.5B 30Y +235
10/09 $500M *Suntory Holdings Ltd 5Y +88
10/09 $1B *Bank of Nova Scotia +3Y +60
10/09 $1B *NIB (Nordic Investment Bank) 3Y +8
10/09 $565M *Thai Oil 30Y +145
-
$11.4B Priced Tuesday, much better than anticipated; $15.65B/wk
10/08 $3B *JBIC (Japan Bank for International Cooperation) $1B Each: 3Y +34, 5Y
+42, 10Y +55
10/08 $2B *IFC (International Finance Corp) 5Y +11
10/08 $1.5B *Dexia 5Y +38
10/08 $1.25B *CBA (Commonwealth Bank of Australia) 3Y +27.8
10/08 $1.25B *Macquarie Bank 3Y +75
10/08 $1B *Societe Generale 5Y +130
10/08 $1B *BNG Bank 5Y +18
10/08 $400M *IADB 3Y SOFR+26
-
$4.25B priced Monday
10/07 $1.5B *TD Bank $1.15B +3Y +53, $350M 3Y FRN L+53
10/07 $1B *PepsiCo 30Y +92
10/07 $750M *WEA Finance +7Y +143
10/07 $500M *DR Horton 5Y +112.5
10/07 $500M *Keysight WNG 10Y +145
-
$9.25B priced last week
10/04 No new US$ denominated issuance 
10/04 C$500M Quebec 10Y +68
-
10/03 No new issuance Thursday
-
$3.9B priced Wednesday, $9.25B/wk
10/02 $1.75B *Toyota Motor Credit $40M 2Y +33, $850M 2Y FRN +29, $500M 5Y +60
10/02 $1B *EIB (European Investment Bank) 10Y +19
10/02 $750M *National Bank of Canada 3Y +72
10/02 $400M *UDR $100M 2030 Tap +123, $300M WNG 15Y +155
Canadian issuance:
10/02 C$300M *Allied Properties 7.5Y +180
-
$2.4B Priced Tuesday; $5.35B on week so far
10/01 $1B *Nextera Energy Capital Holdings 10Y +115
10/01 $850M *MidAmerican Energy $250M 10Y tap +75, $600M 30Y +107
10/01 $550M *Marriott Int 3Y +70
-
Oh Canada! C$2.3B priced Tuesday
10/01 C$1B *CCDJ (Federation des Caisses Desjardins du Quebec) 5Y +105
10/01 C$1B *Enbridge Inc WNG 10Y +163
10/01 C$300M *Saskatchewan 10Y +79.5
-
$2.95B Priced Monday -- September saw record $159.13B issuance -- third all-time
highest issuance, w/43% occurring in first week (three largest issuers: $7B
Apple 5-part, $7B Disney 6-part and $5B JP Morgan 2-part).
09/30 $1.6B *Diageo Capital PLC $600M 5Y +58, $1B 10Y +80
09/30 $1.35B *American Tower $750M 7Y +115, $600M 30Y +160
-
09/27 No new high grade issuance Friday, $23.93B priced on week
09/27 C$400M *Newfoundland and Labrador 30Y +93
-
$700M priced Thursday
09/26 $700M *Black Hills 10Y +140, 30Y +175
09/26 C$600M *IADB 5Y +4
-
$2.55B priced Wednesday, $23.23B/wk
09/25 $1.25B *Province of Ontario 10Y +47
09/25 $800M *Atmos Energy $300M 10Y +90, $500M 30Y +120
09/25 $500M *Duke Energy Indiana 30Y +120
-
$6.75B priced Tuesday
09/24 $1.5B *Sumitomo Mitsui Financial Grp (SMFG) $1B 5Y +95, $500M 10Y +115
09/24 $550M *CIT Bank6NC5 +145
09/24 $1.25B *Kommunivest 3Y +15
09/24 $1B *Noble Energy $500M 10Y +150, $500M 30Y +210
09/24 $900M *Thermo Fisher WNG 10Y +110
09/24 $750M *BPCE 10Y +112.5
09/24 $400M *Hudson Pacific Properties 10Y +170
09/24 $400M *KEB Hana Bank 3Y +L+70
- 
$13.93B Priced Monday
09/23 $10B *Abu Dhabi $3B 5Y +65, $3B 10Y +85, $4B 30Y +110
09/23 $2B *Codelco $1.1B 10Y +130, $900M 30Y +155
09/23 $1B *Korean Development Bank (KDB) $500M 3Y +47.5, $500M 5Y +60
09/23 $300M *Camden Property Trust WNG 30Y +122
09/23 $300M *PACCAR Financial WNG 3Y +45
09/23 $330M *Union Electric 30Y +112
-
$1.75B priced Friday, $24.7B/wk
09/20 $1.25B *Province of British Colombia 5Y +21a
09/20 $500M *European Bank for Reconstruction and Development (EBRD) 5Y +15
-
$11.2B priced Thursday
09/19 $5B *PayPal $1B 3Y +55, $1.25B 5Y +75, $1.25B 7Y +95, $1.5B 10Y +110
09/19 $3B *VW Grp of America $500M 2Y +83, $500M 2Y FRN L+86, $1B 3Y +103, $500M
5Y +123, $500M 7Y +148
09/19 $1B *Walmart $500M 10Y +60, $1B 30Y +80
09/19 $1B *Federation des Caisses Desjardins du Quebec (CCDJ) 3Y +34
09/19 $500M *Republic of Armenia WNG 10Y 4.2%
09/19 $400M *Allegion WNG 10Y +173
09/19 $300M *Interstate Power & Light WNG 30Y +135a
Canadian issuance:
09/19 C$1B Ontario 10Y +69
09/19 C$Benchmark Scotiabank 5Y +106a
-
09/18 No new issuance Wednesday, $11.75B total/wk
-
$3.5B priced Tuesday, $11.75B total/wk
09/17 $1.5B *Royal Bank of Canada 3Y +31
09/17 $1B *Council of Europe Development Bank (COE) 3Y +11
09/17 $1B *Landwirtschaftliche Rentenbank (RENTEN)2Y +7
- 
$8.25B priced Monday
09/16 $3B *Alcon Finance $500M 7Y +105, $1B 10Y +120, $500M 30Y +150
09/16 $1.75B *Danske Bank 3NC2 $1B +125, $750M 6NC5 fix/FRN +155
09/16 $1.5B *Caterpillar $500M 10Y +77, $1B 30Y +98
09/16 $1.2B *Bangkok Bank 15NC10 +190
09/16 $500M *Pricoa Global Funding 5Y +70
09/16 $300M *Entergy Texas 30Y +128
Canadian issuance
09/16 C$1B TransCanada Pipeline C$700M 10Y +155, C$300M 30Y tap +232
09/16 C$500M Waste Management of Canada 7Y +115
-
$400M priced last Friday, $38.3 total on wk, $107.55B/month
09/13 $400M *Protective Life Corp +10Y +155
--MNI Chicago Bureau; tel: +1 312-431-0089; email: bill.sokolis@marketnews.com
[TOPICS: MTABLE]

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