Free Trial

US$ High-Grade Credit Supply Pipeline - October 31, 2018

$1B Swedish Export Credit WNG 3Y priced, $500M BNG 3Y launched
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
10/31 $1B *Swedish Export Credit WNG 3Y +6
10/31 $500M #BNG Bank WNG 3Y +5
10/31 $600M Canadian National 2Y +35a, 30Y +115a
10/31 $Benchmark Daimler Finance 3Y fix/FRN
-
$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
-
No new issuance Friday, $23.38B priced on week, $87.6B/month
-
$1.05B priced Thursday
10/18 $550M *Progressive +10Y +85
10/18 $500M *MuniFin 2Y FRN L+1
-
$1.8B Priced Wednesday
10/17 $500M *IADB 3Y FRN 3ML-2
10/17 $300M *UDR 10Y +123
10/17 $1B *Nuveen 10Y +90
-
$10.25B priced Tuesday
10/16 $3.25B *Wells Fargo 3Y +70, 3Y FRN LIBOR equiv
10/16 $2B *TD Bank 3Y +25
10/16 $2B *Pemex long 10Y +335
10/16 $3B *ESM 2Y MS+0
10/16 $Benchmark Turkey 5Y IPT 7.75%a
Chatter: financial names as banks exit earnings blackout
-
$10.275B priced Monday
10/15 $7.025B *Conagra jumbo 8-tranche issuance:
      $525M 2NC1 FRN 3ML +75, $1.2B 3Y +90, $1B 5.5Y +130
      $1B 7Y +155, $1.3B 10Y +170, $1B 20Y +200, $1B 30Y +210
10/15 $1.7B *Royal Bank of Canada 3Y MS+25
10/15 $1.25B *FedEx $400M 10Y 105, $850M 30Y +165
10/15 $300M *Korea Expressway 30Y +80
-
$800M priced Friday, $16.15B priced/week, $64.2B/month
10/12 $800M *JP Morgan 2NC1 FRN SOFR +55
-
Only $1.5B Thursday after $12.65B priced Wed, 
10/11 $1.5B *Kommunalbanken 3Y +3
-
$12.65B priced Wednesday
10/10 $4B *KFW 3Y flat
10/10 $2.5B *Province of Ontario Canada 5Y +25
10/10 $1.4B *TransCanada Pipeline $400M tap 4.25%, $1B 30Y +170
10/10 $750M *CPPIB Capital Inc +3
10/10 $500M *Jackson National Life 2Y +30
10/10 $2.5B *Sumitomo Mitsui Financial Grp (SMFG) $1.85B 5Y fix/FRN, $650M 10Y
+112
10/10 $1B *Sumitomo Mitsui Banking Corp 2Y +37
Chatter $3B total US$ denominated PBOC 5Y, 10Y and 30Y
-
$1.2B priced Tuesday
10/09 $850M *John Deere Capital, $350M 2Y +17, $500M 5Y +60
10/09 $350M *Atlantic City Electric WNG 10Y +80
-
No new issuance Friday, $48.125B priced on Week
-
$750M Priced Thursday
10/04 $750M *AIB Group 5Y +175
-
$10B Priced Wednesday, 47.375B on week ($27B *Comcast jumbo 12-part)
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%
--MNI Chicago Bureau; tel: +1 312-431-0089; email: bill.sokolis@marketnews.com
[TOPICS: MTABLE]

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.
}); window.REBELMOUSE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ (function appendPosts () { var policyPosts = document.getElementsByClassName('policy-posts-wrapper')[0]; var policyPostsMenu = document.querySelector('.policy-posts-span'); policyPostsMenu.append(policyPosts); policyPosts.style.display = "block"; var empolicyPosts = document.getElementsByClassName('em-policy-posts-wrapper')[0]; var empolicyPostsMenu = document.querySelector('.em-policy-posts-span'); empolicyPostsMenu.append(empolicyPosts); empolicyPosts.style.display = "block"; var dataPosts = document.getElementsByClassName('data-posts-wrapper')[0]; var dataPostsMenu = document.querySelector('.data-posts-span'); dataPostsMenu.append(dataPosts); dataPosts.style.display = "block"; })(); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelectorAll(".my-mni").forEach(function(item){ item.href="/core/users/email_login/"; item.innerHTML="Log In"; }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelector('.signup-form').addEventListener('submit', () => { window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'submission_click', 'event_category': "Sign Up Button Clicks", 'event_label': "Posts" }); }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){ item.onsubmit=function(e){ ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15}); window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'signup_click', 'event_category': "Signup", 'event_action': 'CompletedForm', 'event_label': 'pageTitle', 'event_value': 15 }); } }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelectorAll("img").forEach(function (img) { img.addEventListener("contextmenu", function (e) { return false; }); }); document .querySelector(".site-logo img") .addEventListener("contextmenu", function (e) { return true; }); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelector('.signup-form').addEventListener('submit', () => { window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'submission_click', 'event_category': "Sign Up Button Clicks", 'event_label': "Posts" }); }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){ item.onsubmit=function(e){ ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15}); window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'signup_click', 'event_category': "Signup", 'event_action': 'CompletedForm', 'event_label': 'pageTitle', 'event_value': 15 }); } }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ let posts = document.querySelectorAll(".all-content-wrapper .widget:not(.stream-story-processed)"); window.check_story_posts(posts, "streamOfPosts"); }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ function populateInputsWithAPAPI(c) { document.querySelectorAll('.signup-form input[name="country"]').forEach(el => { el.setAttribute("value", c.country_name); }); document.querySelectorAll('.signup-form .country_name').forEach(el => { el.setAttribute("value", c.country_name); }); let country_code = c && c.country_code ? c.country_code.toLowerCase() : "auto"; document.querySelectorAll('.signup-form .country_code').forEach(el => { el.setAttribute("value", country_code); }); document.querySelectorAll('.signup-form .selected_country').forEach(el => { el.setAttribute("value", country_code); }); } const fetch = function (err, res) { var r = new XMLHttpRequest(); r.open("GET", err, !0), (r.responseType = "json"), (r.onload = function () { var err = r.status; res(200 === err ? null : err, r.response); }), r.send(); }; function setupCountry() { if (window.preventDuplicateExec) { return; } window.preventDuplicateExec = true; window.REBELMOUSE_STDLIB.onElementInViewport({ threshold: 0, firstOnly: true, oneTime: true, selector: ".signup-form", onIntersect: (entry) => { // when you need to get access to that data you call it in that way: let ipapiData = localStorage.getItem("ipapiData"); if (!ipapiData) { fetch("https://ipapi.co/json/", function (err, ipData) { console.log("populating inputs with data from IP API "); localStorage.setItem("ipapiData", JSON.stringify(ipData)); populateInputsWithAPAPI(ipData); }); } else { console.log( "populating inputs with data from IP API data stored in local storage" ); populateInputsWithAPAPI(JSON.parse(ipapiData)); } }, }); } setupCountry(); }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ /* const sidebar = document.querySelector('.left-sidebar-container'); const stickyContent = document.querySelector('.sticky-content'); const siteContent = document.querySelector('.all-posts-stream'); if (sidebar && stickyContent && siteContent) { if (siteContent.clientHeight > sidebar.clientHeight) { console.log('grater -> ', siteContent.clientHeight + ' > ' + sidebar.clientHeight); stickyContent.style.height = (siteContent.clientHeight - sidebar.clientHeight) + 'px'; } } */ }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ function populateInputsWithAPAPI(c) { document.querySelectorAll('.signup-form input[name="country"]').forEach(el => { el.setAttribute("value", c.country_name); }); document.querySelectorAll('.signup-form .country_name').forEach(el => { el.setAttribute("value", c.country_name); }); let country_code = c && c.country_code ? c.country_code.toLowerCase() : "auto"; document.querySelectorAll('.signup-form .country_code').forEach(el => { el.setAttribute("value", country_code); }); document.querySelectorAll('.signup-form .selected_country').forEach(el => { el.setAttribute("value", country_code); }); } const fetch = function (err, res) { var r = new XMLHttpRequest(); r.open("GET", err, !0), (r.responseType = "json"), (r.onload = function () { var err = r.status; res(200 === err ? null : err, r.response); }), r.send(); }; function setupCountry() { if (window.preventDuplicateExec) { return; } window.preventDuplicateExec = true; window.REBELMOUSE_STDLIB.onElementInViewport({ threshold: 0, firstOnly: true, oneTime: true, selector: ".signup-form", onIntersect: (entry) => { // when you need to get access to that data you call it in that way: let ipapiData = localStorage.getItem("ipapiData"); if (!ipapiData) { fetch("https://ipapi.co/json/", function (err, ipData) { console.log("populating inputs with data from IP API "); localStorage.setItem("ipapiData", JSON.stringify(ipData)); populateInputsWithAPAPI(ipData); }); } else { console.log( "populating inputs with data from IP API data stored in local storage" ); populateInputsWithAPAPI(JSON.parse(ipapiData)); } }, }); } setupCountry(); });