Free Trial

US$ Credit Supply Pipeline: March Issuance Surge

  • Date $MM Issuer (Priced *, Launch #)
  • 03/03 $2.5B #Sumitomo Mitsui $500M 3Y +60, $500M 5Y +75, $1B 5Y SOFR+99, $500M 10Y +90
  • 03/03 $1.25B #Virginia Electric $625M 10Y +100, $625M 30Y +120
  • 03/03 $1B Alumina PtyLtd 5NC2, 7.5NC3
  • 03/03 $Benchmark Synopsys 2Y +60, 3Y +70, 5Y +85, 7Y +95, 10Y +100, 30Y +125
  • 03/03 $Benchmark America Honda 3Y +85a, 3Y SOFR, 5Y +100a, 10Y +120a
  • 03/03 $Benchmark Duke Energy 2Y +60a, 10Y +110a, 30Y +130a
  • 03/03 $Benchmark Columbia Pipelines 10Y +125, 30Y +148
  • 03/03 $Benchmark PayPal 3Y +50, 3Y SOFR+67, 10Y +92
  • 03/03 $Benchmark MPLX 10Y +155a, 30Y +185a
  • 03/03 $Benchmark Tampa Electric 10Y +125a
  • 03/03 $Benchmark Nucor 5Y +70, 10Y +95
  • 03/03 $Benchmark CME Group 5Y +70a
  • 03/03 $Benchmark Humana 10Y +138, 30Y +160
  • 03/03 $Benchmark Synchrony Financial 6NC5 +145 
  • Expected Tuesday:
  • 03/04 $3B KFW WNG 2028 +31a
  • 03/04 03/03 $750M Chord Enery 8NC3

02/29 No new US$ corporate bond issuance Friday after $53.2B total issued on week, $194.115B for the month

** $264.545B Q4 2024; $1.957T total for 2024 -- highest since 2020 record $2.197T

Feb'25$194.115B
Jan'25Record $288.45B priced January
Dec'24$43.15B; $264.545B Q4; $1.957T total for 2024 -- highest since 2020 record $2.197T
Nov'24 $94.95B
Oct'24$126.445B
Sep'24$224.75B total; $513.125B Q3
​Aug'24​$137.475B
Jul'24$150.9B
Jun'24$122.875B; $443.055B Q2
May'24$160.85B
Apr'24$159.33B total for the month
Mar'24$186.625B; $736.175B Q1
Feb'24$254.2B
Jan'24$295.35B, highest since April 2020
Dec'23$28.1B; $1.560T total of 2023 vs. $1.463T for 2022
Nov'23$131.7B
Oct'23$108.3B
Sep'23$165.25B; $348.775B Q3
Aug'23$79.45B
Jul'23$104.075B
Jun'23$113.195B; $403.605B Q2
May'23$168.22B
Apr'23$122.19B
Mar'23$122.05B; $540.175B Q1
Feb'23$186.7B
Jan'23$231.425B
Dec'22$7.75B; $1.463T total for 2022 vs. $1.879T in 2021
Nov'22$115.9B
Oct'22$51.85B
Sep'22$105.25B; $1.287T through Q3
Aug'22$168.5B
Jul'22$100.6B
Jun'22$80.85B; $913.58B first half of 2022
May'22$103.225B
Apr'22$175.2B
Mar'22$258.425B (Highest since May 2020)
Feb'22$92.62B
Jan'22$203.26B
Dec'21$62.2B ; $1.879T total for 2021 vs. Record $2.197T total for 2020
Nov'21$133.875B
Oct'21$148.8B
Sep'21$215.635B; Q3 total $437.64B
Aug'21$97.12B
Jul'21$124.885B
Jun'21$136.35B; Q2 total $478.875B
May'21$159.125B
Apr'21$183.4B
Mar'21$232.62B; Q1 total $618.03B
Feb'21$157.86B
Jan'21$227.55B
2020 Recap:Record $2.197T total for 2020
Dec'20$52.24B
Nov'20$126.83B
Oct'20$111.65B
Sep'20$207.82B
Aug'20$204.50B
Jul'20$93.50B
Jun'20$180.50B
May'20$270.90B
Apr'20$401.32B
Mar'20$275.48B
Feb'20$107.50B
Jan'20$165.18B

 

250 words

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.
  • Date $MM Issuer (Priced *, Launch #)
  • 03/03 $2.5B #Sumitomo Mitsui $500M 3Y +60, $500M 5Y +75, $1B 5Y SOFR+99, $500M 10Y +90
  • 03/03 $1.25B #Virginia Electric $625M 10Y +100, $625M 30Y +120
  • 03/03 $1B Alumina PtyLtd 5NC2, 7.5NC3
  • 03/03 $Benchmark Synopsys 2Y +60, 3Y +70, 5Y +85, 7Y +95, 10Y +100, 30Y +125
  • 03/03 $Benchmark America Honda 3Y +85a, 3Y SOFR, 5Y +100a, 10Y +120a
  • 03/03 $Benchmark Duke Energy 2Y +60a, 10Y +110a, 30Y +130a
  • 03/03 $Benchmark Columbia Pipelines 10Y +125, 30Y +148
  • 03/03 $Benchmark PayPal 3Y +50, 3Y SOFR+67, 10Y +92
  • 03/03 $Benchmark MPLX 10Y +155a, 30Y +185a
  • 03/03 $Benchmark Tampa Electric 10Y +125a
  • 03/03 $Benchmark Nucor 5Y +70, 10Y +95
  • 03/03 $Benchmark CME Group 5Y +70a
  • 03/03 $Benchmark Humana 10Y +138, 30Y +160
  • 03/03 $Benchmark Synchrony Financial 6NC5 +145 
  • Expected Tuesday:
  • 03/04 $3B KFW WNG 2028 +31a
  • 03/04 03/03 $750M Chord Enery 8NC3

02/29 No new US$ corporate bond issuance Friday after $53.2B total issued on week, $194.115B for the month

** $264.545B Q4 2024; $1.957T total for 2024 -- highest since 2020 record $2.197T

Feb'25$194.115B
Jan'25Record $288.45B priced January
Dec'24$43.15B; $264.545B Q4; $1.957T total for 2024 -- highest since 2020 record $2.197T
Nov'24 $94.95B
Oct'24$126.445B
Sep'24$224.75B total; $513.125B Q3
​Aug'24​$137.475B
Jul'24$150.9B
Jun'24$122.875B; $443.055B Q2
May'24$160.85B
Apr'24$159.33B total for the month
Mar'24$186.625B; $736.175B Q1
Feb'24$254.2B
Jan'24$295.35B, highest since April 2020
Dec'23$28.1B; $1.560T total of 2023 vs. $1.463T for 2022
Nov'23$131.7B
Oct'23$108.3B
Sep'23$165.25B; $348.775B Q3
Aug'23$79.45B
Jul'23$104.075B
Jun'23$113.195B; $403.605B Q2
May'23$168.22B
Apr'23$122.19B
Mar'23$122.05B; $540.175B Q1
Feb'23$186.7B
Jan'23$231.425B
Dec'22$7.75B; $1.463T total for 2022 vs. $1.879T in 2021
Nov'22$115.9B
Oct'22$51.85B
Sep'22$105.25B; $1.287T through Q3
Aug'22$168.5B
Jul'22$100.6B
Jun'22$80.85B; $913.58B first half of 2022
May'22$103.225B
Apr'22$175.2B
Mar'22$258.425B (Highest since May 2020)
Feb'22$92.62B
Jan'22$203.26B
Dec'21$62.2B ; $1.879T total for 2021 vs. Record $2.197T total for 2020
Nov'21$133.875B
Oct'21$148.8B
Sep'21$215.635B; Q3 total $437.64B
Aug'21$97.12B
Jul'21$124.885B
Jun'21$136.35B; Q2 total $478.875B
May'21$159.125B
Apr'21$183.4B
Mar'21$232.62B; Q1 total $618.03B
Feb'21$157.86B
Jan'21$227.55B
2020 Recap:Record $2.197T total for 2020
Dec'20$52.24B
Nov'20$126.83B
Oct'20$111.65B
Sep'20$207.82B
Aug'20$204.50B
Jul'20$93.50B
Jun'20$180.50B
May'20$270.90B
Apr'20$401.32B
Mar'20$275.48B
Feb'20$107.50B
Jan'20$165.18B