Free Trial

US$ High-Grade Credit Supply Pipeline - Oct. 3, 2017

Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
10/3 $3.0B   #Abu Dhabi Aa2/AA/AA            5Y +65 BAML 
10/3 $4.0B   #Abu Dhabi Aa2/AA/AA            10Y +85 CITI 
10/3 $3.0B   #Abu Dhabi Aa2/AA/AA            30Y +130 JPM
10/3 $1.25B  #Enel SpA Baa2/BBB/BBB+ 144a/RegS 5.5Y T+90 
- Bookrunners: BARC/BBVA/C/CS/DB/GS/JPM/MIZ/MS/MUFG/NATW/SANT
10/3 $1.25B  #Enel SpA Baa2/BBB/BBB+ 144a/RegS 10.5Y T+132    
- Bookrunners: BARC/BBVA/C/CS/DB/GS/JPM/MIZ/MS/MUFG/NATW/SANT
10/3 $500M   #Enel SpA Baa2/BBB/BBB+ 144a/RegS Tap 4.75% 2047 T+147
- Bookrunners: BARC/BBVA/C/CS/DB/GS/JPM/MIZ/MS/MUFG/NATW/SANT
10/3 BM      Repub.of Brazil Ba2/BB/BB RegS Sr unsec 10Y T+235-240 DB/ITAU/SANT
- Brazil also global bonds buyback:2019, '20, '21, '24, '25, '26, '27, '30; 
10/2 $2.0B?  China had Sept? plan US$ sovereign bonds; to pick leads soon
- China last sold US$ debt in 2004, a $1.7B US$/EUR 5Y, 7Y debt deal
- S&P downgraded China 1 notch Sep 21 to A+, stable outlook
10/3 BM   Colbun BBB meetgs Sep29-Oct3 144a/RegS bond? BAML/SANT/SCOT
10/3 BM   Braskem BBB-/BBB- mtgs Oct2-3 5Y/10Ys? BNP/CRAG/ITAU/MS/SANT/SMBC/UBS
10/9 TBD  Kia Mtrs Baa2/A-/BBB+ 144a/RegS rdshw Oct9 BNP/BAML/C/CAC/HSBC/NOM
10/11 TBD Wabash National 8Y/NC3 US rdshow Sept 11-14 in US  MS/WFS
10/2 $7.0B? Sygenta postpones US$ bond, said BBG; BNP/C/CS/HSBC/MUFG/SANT
10/2 TBD  Hanjin Bank: Potentl US$ deal w/ KEXIM Guar? BNP/DAIWA/GS
10/2 TBD  Origin Energy Baa3/BBB- sets Aug31 investor call; JPM
10/2 TBD  Mississippi Power has filed a $2.0B mixed debt/stock shelf
--
MONDAY HAD $5.48B IN HIGH-GRADE ISSUANCE:
10/2 $300M  *Wisconsin Power & Light A2/A won't grow 10Y T+75 BAML/GS/JPM
10/2 $450M  *Eversource Energy Baa1/A-/BBB+ Tap 2.75% 2022+57 BAML/BARC/MUFG
10/2 $450M  *Eversource Energy Baa1/A-/BBB+ 7Y +77            BAML/BARC/MUFG
10/2 $1.0B  *Kingdom of Jordan B1/BB-      30Y 7.500%         C/JPM
10/2 $350M  *Cleveland Electric Illuminating 10Y+120          GS/SANT/SCOT/SMBC
10/2 $350M  *Nstar Electric A2/A/A+ tap 3.2% 2027 T+72        BARC/BAML/MUFG
10/2 $300M  *John Deere A2/A      21-month FRN 3ml+12         DB/JPM/RBC
10/2 $300M  *John Deere A2/A     Tap 2.65% 2024 issue: +60    DB/JPM/RBC
10/2 $1.88B *United Mexican States A3/BBB+/BBB+ 30Y+175       GS/HSBC/MS
10/2 $400M  *American Campus Communities Baa2/BBB 10Y +130    DB/JPM/WFS
-
9/29 FRIDAY HAD NO HIGH-GRADE CORPORATE/SOVEREIGN BOND ISSUANCE; WK HAD $36.85B
9/28 THURSDAY HAD $4.75B IN HIGH-GRADE SUPRA-SOVEREEIGN & SOVN DEBT:
9/28 $1.25B *Canadian Imperial Bk of Comm A1-/A+/Aa- 3Y +55 CIBC
9/28 $500M  *Canadian Imperial Bk of Comm " " 3Y FRN +31    CIBC
9/28 $2.5B  *Freddie Mac benchmark 3Y priced T+9; MS+23.75     MS/TD/WELLS
9/28 $500M  *EBRD Aaa/AAA/AAA Green Bond July 2021 MS+3 T+33.2 BARC/CA/C
9/28 $1.5B  *Kingdom of Belgium Aa3/AA/AA- Lg 2Y MS-4;1.625% cpn BARC/C/HSBC/SCO
-- Belgian Treasury: Issue swapped to EUR from US$ to "cancel" currency risk
-
WED HAD $18.5B IN HIGH-GRADE US$ CORPORATE/SOVEREIGN DEBT ISSUANCE:
9/27 $3.0B  *Saudi Arabia A1/A+ Long 5Y +110       GS/GIB/HSBC/JPM/MUFG
9/27 $5.0B  *Saudi Arabia A1/A+ Wed Long 10Y+145   GS/GIB/HSBC/JPM/MUFG
9/27 $4.5B  *Saudi Arabia A1/A+ Wed 30Y +180       GS/GIB/HSBC/JPM/MUFG
9/27 $500M  *Mexichem Baa3/BBB-/BBB- 10Y +180      BBVA/JPM/MS/MUFG
9/27 $500M  *Mexichem Baa3/BBB-/BBB- 30Y +280      BBVA/JPM/MS/MUFG
9/27 $1.0B  *Finnvera(Finld guar)Aa1/Aa+ 3Y MS+6   CA/C/HSBC/NORD
9/27 $1.0B  *KFW Aaa/AAA green global 5Y MS+9;T+17.2  BAML/RBC/TD
9/27 $500M  *EQT Corp Baa3/BBB/BBB- 3Y +90            BAML/C/DB/WFS 
9/27 $500M  *EQT Corp Baa3/BBB/BBB- 3Y/NC1 FRN 3ml+77 BAML/C/DB/WFS 
9/27 $750M  *EQT Corp Baa3/BBB/BBB- 5Y +115           BAML/C/DB/WFS 
9/27 $1.25B *EQT Corp Baa3/BBB/BBB- 10Y+160           BAML/C/DB/WFS
-
TUESDAY HAD $11.2B IN HIGH GRADE CORPORATE/SOVEREIGN BOND ISSUANCE:
9/26 $2.25B *BNG Aaa/AAA 144a/RegS      3Y MS+6    BAML/C/RBC/SCOT
9/26 $2.0B  *Province of Ontario Aa2/A+/AA- global 5Y MS+27 C/GS/HSBC/TD
9/26 $2.5B  *Goldman Sachs A3/BBB+/A 8Y/NC7 Fxd to FRN +120   GS
9/26 $500M  *NWB Aaa/AAA March 2019 FRN Tap 3ml+2   BARC/NATW
9/26 $500M  *Magellan Midstream Baa1/BBB+ 30Y +147  BARC/STRH/WFS
9/26 $1.0B  *CK Hutchison A3/A-   3Y+77.5        BARC/C/GS/MS 
9/26 $750M  *CK Hutchison         5.5Y +92.5     BARC/C/GS/MS 
9/26 $500M  *CK Hutchison         10Y +107.5     BARC/C/GS/MS 
9/26 $400M  *NetApp Baa2/BBB+     2Y Fxd +65     JPM/MS
9/26 $400M  *NetApp Baa2/BBB+     7Y +123        JPM/MS
9/26 $400M  *Clorox Baa1/A-       10Y T+87.5       C/MS/MUFG/WFC
-
MONDAY HAD $5.4B IN HIGH-GRADE CORPORATE BOND ISSUANCE:
9/25 $550M  *Nissan Motor Acceptance A2/A 3Y +62      BARC/BAML/JPM/TD 
9/25 $300M  *Nissan Motor Acceptance A2/A 3Y FRN 3ml+39 BARC/BAML/JPM/TD 
9/25 $700M  *Nissan Motor Acceptance A2/A 5Y +77      BARC/BAML/JPM/TD 
9/25 $450M  *Nissan Motor Acceptance A2/A 5Y 3ml+69   BARC/BAML/JPM/TD
9/25 $750M  *NY Life Global Aaa/AA+/AAA 144a RegS FA-bkd 3Y+42 BAML/BARC/C
9/25 N/A     NY Life Global: Dropped: FA-backed 3Y FRN BAML/BARC/C
9/25 $300M  *Blackstone Holdings A+/A+ 10Y +98        BAML/C/GS/MS
9/25 $300M  *Blackstone Holdings A+/A+ 30Y +138       BAML/C/GS/MS
9/25 $300M  *Hudson Pacif.Props Baa3/BBB-/BBB- 10Y +175 BAML/WFS
9/25 $1.25B *DNB Aa2/A+                  3Y +60    BARC/DNB/GS/JPM/MS
9/25 $500M  *DNB Aa2/A+               3Y FRN 3ml+37 BARC/DNB/GS/JPM/MS
-
FRIDAY 9/22 HAD NO HIGH-GRADE CORPORATE BOND ISSUANCE; WK HAD 26.14B 
THURSDAY HAD $3.7B IN HIGH-GRADE CORPORATE BOND ISSUANCE:
9/21 $500M *Newcastle Coal BBB/BBB- 144a/RegS 10Y +215 C/JPM
9/21 $1.2B *Northwest Mutual Life Aa2/AA- 30Y +107  BAML/JPM/MS
9/21 $650M *3M Co. A1/AA-            5.5Y +37       BAML/JPM/WFS
9/21 $850M *3M Co. A1/AA-            10Y  +67       BAML/JPM/WFS
9/21 $500M *3M Co. A1/AA-            30Y  +87       BAML/JPM/WFS
-
MILD ISSUANCE WED AMID FOMC MEETING:
9/20 $1.5B *Russian Fedn BBB- Tap 4.25% 2027 bd:4.00% GAZ/SBER/CIB/VTB
9/20 $2.5B *Russian Fedn BBB- Tap 5.25% 2047 bd:5.200% GAZ/SBER/CIB/VTB
-- VTB: Reopening part of Eurobd swap (mainly of 2030 Eurobd); (Bloomberg)
9/20 $450M  *Protective Life FA-backed 3Y+63 BAML/DB/USB
-
TUESDAY HAD $9.1B IN HIGH-GRADE CORPORATE DEBT ISSUANCE:
9/19 $750M *KazTransGas 10Y Baa3 144a/RegS 10Y 4.4%     C/ING/VTB
9/19 $700M *Beijing Infrastructure A1/A+/A+ 3Y +125 BOC/GS/HAIT/STD
9/19 $600M *SP PowerAssets Aa2/Aa 144a/Reg 10Y T+77.5      DB/DBS/MIZ/MS
9/19 $750M *MassMutual Aa2/Aa+/AA+ 144a FA-backed 10Y T+45 CS/JPM/USB
9/19 $750M *Sunoco Logistics Baa3/BBB-/BBB- 10Y +185    DB/PNC/USB/WFS
9/19 $1.5B *Sunoco Logistics Baa3/BBB-/BBB- 30Y +260    DB/PNC/USB/WFS
9/19 $1.0B *Repub. of South Africa Baa3/BB+ 10Y 4.85%   C/DB/MIZ/MS
9/19 $1.5B *Repub. of South Africa Baa3/BB+ 30Y 5.650%  C/DB/MIZ/MS
9/19 $525M *Goodman US Finance Baa1/BBB+ 10.5Y +150        HSBC/JPM
9/19 $325M *Goodman US Finance Baa1/BBB+ added 20Y +170    HSBC/JPM
9/19 $400M *AEP Texas Baa1/A- 144a/RegS 5Y +60             CS/JPM/RBC
9/19 $300M *AEP Texas Baa1/A- 144a/RegS 30Y +105           CS/JPM/RBC
-
MONDAY HAD $8.795B IN HIGH-GRADE CORPORATE DEBT ISSUANCE:
9/18 $500M *Kookmin Bank A1/A+ 144a/RegS    5.5Y T+115 C/COMM/JPM/MUFG/SG
9/18 $3.0B *Ukraine B-/B- RegS/144a Sr unsecured 15Y 7.375%  BNP/GS/JPM
9/18 $400M *Athene Global Fundg A-/A- 144a/RegS 5Y +125 BARC/MS/USB
9/18 $200M *Athene Global Fundg A-/A- FAbkd Tap 5Y FRN 3ml+115 BARC/MS/USB
9/18 $400M *Bunge Ltd Fin Baa2/BBB/BBB RegS/Sr unsec 5Y +120 C/JPM/MIZ/SMBC
9/18 $600M *Bunge Ltd Fin " (both:par calls COC 101)10Y +155 C/JPM/MIZ/SMBC
9/18 $1.0B *Expedia Inc. Ba1/BBB-/BBB- Long 10Y +160  BAML/GS/JPM
9/18 $300M *National Fuel Gas Min           10Y +180  BAML/UBS/WFS
9/18 $325M *Oncor Electric Delivery A3/A/BBB+ 30Y+100 MUFG/MIZ/WFS
9/18 $270M *Georgia Power Baa1/BBB/A- 60Y/NC5 5.0% BAML/MS/UBS/WFS
9/18 $400M *Allegion Baa3/BB/BBB- 7Y+115           BAML/JPM/WFS
9/18 $400M *Allegion Baa3/BB/BBB- 10Y+135          BAML/JPM/WFS
9/18 $300M *Hyundai Capital 3Y+122          MS/BAML/BARC/HSBC/SG/NIK
9/18 $250M *Hyundai Capital 3Y FRN 3ml+100  MS/BAML/BARC/HSBC/SG/NIK
9/18 $450M *Hyundai Capital 5Y+142          MS/BAML/BARC/HSBC/SG/NIK
-
FRIDAY HAD $400M ISSUANCE; WEEK HAD HEAVY $53.8B TOTAL CORP/SOVRGN ISSUANCE:
9/15 $400M  *Magellan Health BBB- sr unsec 7Y T+240 JPM/MUFG/WFS
-
--
Scroll Down: More Corporate, Supra/Sovergn/Agency Supply/Calendars
2017 U.S. Agency Calendar Funding Dates 
- Fannie Mae Benchmark Notes: 2017: Jan 4, Jan 25; Feb 23; March 1; March 16;
Apr 5; Apr 12; May 15; May 17; Jun 21; July 12; July 27; Aug 16; Sep 12; Oct 4;
Oct 17, Nov 15; Dec 20th;
- Freddie Mac Reference Notes: 2017: Jan 11, Jan 18; Feb 8, Feb 15; March 20;Apr
18; May 24; June 19; June 26; July 17; July 20; Aug 9; Sept 14; Sept 27; Oct 25;
Nov 13; Dec 6; Dec 14th
- FHLBanks Global Notes: 2017: Jan 19, Feb 13, Feb 28; March 8; March 22; Apr
26; May 10; June 7; June 28; July 5; Aug. 1; Aug. 23; Sept. 6; Oct. 11; Oct 19;
Nov. 8; Nov. 29; Dec. 4
Rumored/Pipeline PMC=Pending Market Conditions, TALK=Market Chatter,
NOTE=Reported Potential Deal RDS=Roadshow to Start, RDE=Roadshow Ended,
SHF=Shelf Filing
--MNI New York Bureau; tel: +1 212-669-6432; email: sheila.mullan@marketnews.com
[TOPICS: MTABLE,M$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.