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US$ High-Grade Credit Supply Pipeline - October 3, 2018 

$10B Priced Wednesday, 47.375B on week
October high-grade issuance estimate appr $110-120B
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
$10B Priced Wednesday, 47.375B on week
10/03 $3B *Enterprise Products $750M 3Y +55, $1B 10Y +100, 1.25B 30Y +150
10/03 $2B *Colombia +1.5B 10Y +140, $500M tap COLOM 5%
10/03 $1.75B *American Honda $700M 3Y +45, $350M 3Y FRN +29, $700M 5Y +62
10/03 $1.5B *CenterPoint Energy, $500M @ 3Y fix +67, 5Y +85, 10Y +115
10/03 $1B *Total Capital 10Y +73
10/03 $750M *MetLife Global funding 3Y +52
-
$32.75B priced Tuesday, Comcast jumbo 12-part lead, 37.375B/wk
10/02 $27B *Comcast jumbo 12-part: 
      $1.75B 2Y fix +50, 1.25B 2Y FRN +33, $2B 3Y fix +60, $1B 3Y FRN +44,
      $2.5B 5Y fix +75, $500M 5Y FRN +63, $3B 7Y +95, $4B 10Y +110
      $1.5B 12Y +120, $3B 20Y +140, $4B 30Y +150, $2.5B 40Y +175
10/02 $2B *Saudi Basic Ind, $1B @ 5Y +115, 10Y +155
10/02 $1.5B *Lloyds Banking PerpNC7 7.5%
10/02 $1B *Kommuninvest 3Y +3
10/02 $850M *Bank of Montreal 10NC5 +140
10/02 $400M *Camden Property 10Y +105
-
$4.575B Priced Monday
10/01 $1.8B *Royal Bank of Canada $1.5B 5Y fix/FRN +78, $300M 5Y +66
10/01 $1.5B *Deutsche Bank $1B 2Y fix +148, $500M 2Y FRN +129
10/01 $600M *Atmos WNG 30Y +110
10/01 $300M *Wisconsin Electric Power WNG 30Y +110
10/01 $375M *Tampa Electric WNG 30Y +125
-
Mkt chatter large issuers for week/month
10/-- $Benchmark Disney, multi-tranche $30-35B estimate
10/-- $Benchmark Home Depot
10/-- $Benchmark Sunway-Metway Ltd
10/-- $Benchmark Saudi Basic Inustries Corp
10/-- $Benchmark Korean Housing Finance
10/-- $Benchmark AIB Group
-
No new issuance Friday, $11B/week, $143.5B for month
-
$3.25B priced Thursday
09/27 $2B *Standard Chartered $1.4B 4NC3 fix/FRN +135, $600M 4NC3 FRN +115
09/27 $1.25B *Societe Generale PerpNC5 AT1 7.375%
-
No issuance in the works Wednesday, waiting on FOMC 
-
$5.2B Priced Tuesday, $7.75B/wk, $132.5B/month
09/25 $3.25B *ING $1.5B 5Y +112.5, $500M 5Y FRN +100, $1.25B 10Y +150
09/25 $900M *Tyson $400M 5Y +95, $500M 30Y +190
09/25 $500M *Best Buy WNG 10Y +140
09/25 $550M *Torchmark 10Y +150
-
$2.55B Priced Monday
09/24 $800M *New York Life 2Y FRN +16
09/24 $1.75B *RBS 11NC10 fix/FRN +200
-
No new issuance Friday, $33.3B last week/$124.75B on month
-
$4B Priced Thursday
09/20 $4B World Bank 5Y +2
-
$5B priced Wednesday,
09/19 $1.25B *Rabobank $1B 5Y fix +98, $250M 5Y FRN L+86
09/18 $1B *Japanese Finance (JFM) 5Y MS +41 
09/19 $500M *IADB 4Y flat
09/19 $750M *ADB 10y +11, upsized from $500M/launched
09/19 $500M *BOC Aviation 5Y FRN Libor +112.5
09/19 $500M *Interstate P&L WNG 10Y +105
09/19 $500M *Southern Carolina Gas long 30Y +107
-
$11.55B priced Tuesday, $24.32B/week, $115.75B/month
09/18 $3.75B *EDF $1.8B 10Y +160, $650M 20Y +190, $1.3B 30Y +200
09/18 $2B *Interpublic $500M each 2Y +80, 3Y +90, 10Y +165, 30Y +225
09/18 $2B *BP Capital Mkts $1B 7y +80, $1B 10y +90
09/18 $2B Canada Pension Plan Inv Board (CPPIB) 5Y MS+15
09/18 $1.3B *Nissan Motor $400M each 3Y fix/FRN, $500M 5Y
09/18 $500M *IADB 4Y steady
-
$11.775B Priced Monday, Nestle lead
09/17 $8B Nestle Holdings, 6-part: $1B 3Y +27, $1.5B 5Y +47, $900M 7Y +60,
$1.25B 10Y +70, $1.25B 20Y +85, $2.1B 30Y +95
09/17 $1.475B *JP Morgan $25par pref 5.75%
09/17 $300M *Baltimore Gas WNG 30Y +112.5
09/17 $1.5B *Toyota Motor Credit $750M each 2Y FRN +17, 5Y fix +60
09/17 $500M *GM Finance PNC10 6.5%
-
Dearth of Friday issuance, $34.525B/week, $91.425B/month
-
$11.5B Priced Thursday
09/13 $6B *AbbVie $1.25B 3Y +60, $1.25B 5Y +90, $1.75B 10Y +138, $1.75B 30Y +183
09/13 $1B *South Korea $500M each 10Y +60, 30Y +85
09/13 $2.5B *BNG Bank 5Y MS+11
09/13 $2B *African Dev. Bank (AFDB) 5Y MS+5
-
$6B priced Wednesday
09/12 $2B *Saudi Arabia long 10Y Sukuk, +127
09/12 $1.2B *Bangkok Bank $600M each 5.5Y +122.5, 10Y +152.5
09/12 $1B *WEA Finance 10Y $500M each +120, 30Y +155
09/12 $500M *MUFJ Lease & Finance WNG 5Y +110
09/12 $500M *AIA Group 3Y FRN +52
09/12 $500M *Lazard Group 10Y +165
09/12 $300M *Reliance Standard Life Global 5Y
-
$11.875B priced Tuesday, $17.12B for week
09/11 $3B *Bank of China, Hong Kong 5NC5 5.9%
09/11 $2.8B *IADB 10Y +12
09/11 $2.25B *3M 5-part $400M 3Y +25, $300M 5Y fix +43, #300M 5Y FRN +30, $600M
10Y +65, $650M 30Y +95
09/11 $1.5B *KFW 2.75% 2020 Tap MS-5
09/11 $750M *Apicorp (Arab Petroleum Inv Corp) 5Y MS+117
09/11 $600M *Seven & I 3Y +53
09/11 $575M *Southwestern Electric Power WNG 10Y +112.5
09/11 $500M *PNC Bank 4.05% 2028 Tap +110
-
$5.15B priced Monday
09/10 $2B *TD Bank $1B 2Y fix +45, $1B 2Y FRN Libor +26
09/10 $1.75B *Societe Generale $1B 5Y +145, $750M 10Y +185
09/10 $1.4B *Roche Holdings $750M 5Y +43, $650M 10Y +70
-
No new issuance on the docket Friday, $56.9B priced on week -- busiest week of
year
-
$21.5B priced Thursday
09/06 $20B *Cigna jumbo issuance top finance acquisition of Express Scripts;
Details
......$1B 1.5Y FRN L+35, $1.75B 2Y fix +60, $1B 3NC1 FRN L+65, $1.25B 3Y fix
+70, 
......$3.1B 5Y fix +102, $700M 5Y FRN L+89, $2.2B 7Y fix +132, $3.8B 10Y fix
+152, 
......$2.2B 20Y fix +177, $3B 30Y fix +187
09/06 $1.5B *CIBC $1B 5Y +80, $500M 5Y FRN L+66
Potential additions to pipeline in coming weeks: 
* $5.5B Thompson Reuters 4-part combination US$/Eur
* Bank of China (Hong Kong) Ltd.
* Home Depot
-
$24.2B Priced Wednesday
09/05 $5.25B *HSBC $2B 3NC2 FRN +65, $2.5B 8NC7 fix +145, $750M 8NC7 FRN +138
09/05 $3B *EIB 3Y WNG -1
09/05 $2.75B *Mizuho $1.1B 6NC5 fix-FRN +115, $650M 6NC5 FRN, $1B 11NC10
09/05 $2.4B *Sinopec 5Y +125a, 7Y +145a, 10Y +160a, 30Y +160a
09/05 $2.1B *General Motors $450M 3Y FRN +90, $750M 10Y fix +210, $900M +30Y
09/05 $2B *BPCE $750M 5Y fix +137.5, 5Y FRN +124, 10Y fix +180
09/05 $2B *Eni $1B 5Y +135, $1B 10Y +195
09/05 $1.5B *Credit Suisse PerpNC7 AT1
09/05 $1.3B *John Deere Cap'l $600M 3Y fix +42, $400M 3Y FRN, $300M tap DE 3.45%
09/05 $1B *Equinor 10Y +75
09/05 $650M *Public Service Electric & Gas, $325M 5Y +52, $325M 10Y +75
09/05 $325M *AEP Transmission 30Y +118
-
$11.2B priced Tuesday
09/04 $5B *Pfizer 7-part: $1B 3Y fix +32, $1B 5Y fix +47, $300M 5Y FRN +33, 
......$1B 10Y +72, $700M 20Y +105, $1B 30Y +115 
09/04 $3B *MUFG, $1.15B 5Y fix +95, $850M 5Y FRN +81, $1B 10Y +115 
09/04 $1.5B *Unilever capital $500M each: 3Y +42, 5Y +62, 10Y +72 
09/04 $1.25B *Caterpillar $800M 3Y fix +45, $450M 3Y FRN L+28 
09/04 $450M (upsized from $350M) *Duke Realty Ltd 10Y +123 
--MNI Chicago Bureau; tel: +1 312-431-0089; email: bill.sokolis@marketnews.com
[TOPICS: MTABLE]
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