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US$ Issuance: $5B Saudi Wealth Fund PIF on Tap, $4.5B Brazil Launched

PIPELINE

Saudi Wealth fund, Public Investment Fund or PIF, to launch $5B over 3 tranches today (order bokk was well over $20B by midmorning). Still waiting for NY Life and to launch.

  • Date $MM Issuer (Priced *, Launch #)
  • 1/22 $5B PIF $1.75B 5Y +115, $1.75B 10Y +145, $1.5B 30Y +205
  • 1/22 $4.5B #Brazil $2.25B +10H +6.35%, $2.25B +30Y +7.15%
  • 1/22 $3.5B #Truist Financial $1.5B 6NC5 +142, $2B 11NC10 +162
  • 1/22 $1B *Fifth Third 8NC7 +155
  • 1/22 $1B #CCDJ 5Y +125
  • 1/22 $650M #Private Export $350M -5Y +27, $300M 10Y +52
  • 1/22 $600M *MidAmerican Energy 31Y +98
  • 1/22 $Benchmark New York Life 5Y +72

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