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 $1.5B   *Brazil Ba2/BB/BB RegS Sr unsc 10Y+235 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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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$CO$]