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US$ Credit Supply Pipeline: Record January Issuance

AnalysisCreditStoryUS$ Credit Supply Pipeline
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January 2025 finished with record $288.45B total bond issuance from domestic & foreign corporate and supra-sovereigns.

Date $MM Issuer (Priced *, Launch #)
$21.2B Priced Thursday, $37.2B total / wk, ending January with record $288.45B
01/30 $7.75B *Oracle $1.5B +3Y +57, $500M +3Y SOFR+76, $1.25B 7Y +87, $1.75B +10Y +97, $1.75B +30Y +122, $1B +40Y +135
01/30 $5B *NextEra Energy $1B 3Y +60, $500M 3Y SOFR+80, $1B 5Y +73, $750M 7Y +88, $1B 10Y +98, $750M 30Y +113
01/30 $3B *Stryker $500M 2Y +38, $700M 3Y +48, $800M 5Y +58, $1B 10Y +73
01/30 $2.65B #Scotiabank $1.25B 4NC3 +70, $400M 4NC3 SOFR+89, $1B 6NC5 +82
01/30 $1.5B *Medical Properties 7NC3 8.75%
01/30 $750M *State Street PerpNC5 6.45%
01/30 $550M *Alexandria Real Estate 10Y +102

$500M Priced Wednesday, $16B/wk
01/29 $500M *SLM Corp (Sallie Mae) 5Y +220

$15.5B Priced Tuesday
01/28 $3B *JPMorgan PerpNC5 6.5%
01/28 $3B *American Express $1.45B 6NC5 +75, $300M 6NC5 SOFR+102, $$1.25B 11NC10 +90
01/28 $2.5B *Toronto-Dominion Bank $1.25B 3Y +62, $500M 3Y SOFR+82, $750M 7Y +87
01/28 $2B *Carnival Corp 8NC3 6.125%
01/28 $2B *Arab Republic of Egypt $1.25B 5Y 8.625%a, $750M 8Y 9.45%
01/28 $1.75B *Capital One 11NC10 +162
01/28 $750M *Ziraat Bank 5Y 7.375%
01/28 $500M *Aircastle 5Y +108

01/24-27 No new issuance since Thursday

$9.75B Priced Thursday, $31.3B total on the week
01/23 $3B *KDB $900M 3Y SOFR+57, $1.2B 5Y +76, $900M 5Y SOFR+76
01/23 $2.25B *Philippines $1.25B 10Y +90a, $1B 25Y 5.9%
01/23 $1.25B *Orlen 10Y +155
01/23 $1B *Bank of Nova Scotia 60NC5 7.35%
01/23 $1B *Fifth Third Bank $700M 3NC2 +68, $300M 3NCc SOFR+81
01/23 $750M *National Bank of Canada 3NC2 +67
01/23 $500M *American National Global 5Y +115

$8.8B Priced Wednesday
01/22 $2.75B *PNC Financial $1B 6NC5 +80, $1.75B 11NC10 +98
01/22 $1.5B *OPEC Fund 3Y SOFR+64
01/22 $1.25B *CDC 3Y SOFR+57
01/22 $1.05B *Bank of Montreal $750M 4NC3 +67, $300M 4NC3 SOFR+86
01/22 $1B *Blackstone Private Cr Fund 7Y +175
01/22 $750M *Penske 5Y +85
01/22 $500M *FMO +3Y +35

$13.25B Priced Tuesday
01/21 $8.5B GS $2.1B 6NC5 +82, $400M 6NC5+108, $3B 11NC10 +97, $3B 31NC30 +92
01/21 $4.25B RBC $1.55B 4NC3 +65, $600M 4NC3 SOFR+83, $1.8B 6NC5 +77, $300M 6NC5 SOFR+103
01/21 $500M Bank of NZ 10NC5 +130

01/17 $10B *Bank of America $2.5B 4NC3 +65, $750M 4NC3 SOFR+83, $2.75B 6NC5 +75, $500M 6NC5 SOFR+101, $11NC10 +90
01/17 $1B *Kommuninvest WNG 3Y SOFR+34
01/17 $1B *Saskatchewan WNG 5Y SOFR +56

$32.15B Priced Thursday, $68.8B/wk
01/16 $8B *Morgan Stanley 2B 4NC3 +72, $500M 4NC3 SOFR+90, $2.5B 6NC5 +85, $3B 11NC10 +100
01/16 $8B *JP Morgan $2B 4NC3 +62, $750M 4NC3 SOFR+80, $2.5B 6NC5 +75, $2.75B 11NC10 +90
01/16 $6B *Wells Fargo $2.35B 3NC2 SOFR+67, $650M 3NC2 SOFR+78, 6NC5 +85 $3B +85
01/16 $3B *Citigroup 11NC10 +143
01/16 $1.9B *Goldman Sachs PerpNC5 6.85%
01/16 $1.5B *CABEI 3Y +7
01/16 $1.5B *CDP Financial 5Y SOFR+60
01/16 $1.25B *OKB 5Y SOFR+43
01/16 $1B *Dexia 5Y SOFR+73

$2.25B Priced Wednesday, $36.65B/wk
01/16 $1B *Citadel LP $500M 5Y +170, $500M 7Y +190
01/15 $750M *NY Life 10Y +70
01/15 $500M *NLG Global Funding 5Y +95

$19.75B Priced Tuesday
01/14 $3.5B *British Colombia 3Y SOFR+45
01/14 $3B *KFW +5Y +40
01/14 $2.5B *BNG Bank 5Y SOFR+47
01/14 $2.5B *CADES 5Y SOFR+68, upsized from $2B
01/14 $2B *Adobe $800M 3Y +30, $700M 5Y +40, $500M 10Y +55
01/14 $2B *CAF 5Y SOFR+82
01/14 $2B *IFC 3Y SOFR+29
01/14 $1.25B *BFCM $900M 5Y +95, $350M 5Y SOFR+123
01/14 $500M *Blackstone Private Cr Fund 7Y +170
01/14 $500M *Hyundai 3Y +80

$14.65B Priced Monday
01/13 $2.5B *Standard Chartered $1B 4NC3 +105, $500M 4NC3 SOFR+124, $1B 11NC10 +143
01/13 $2B *Deere $1.25B 10Y +68, $750M 30Y +75
01/13 $1.75B *Rabobank $700M 3Y +40, $300M 3Y SOFR+60, $750M 8NC7 +100
01/13 $1.5B *CBA 5Y SOFR+69
01/13 $1.2B *Eastern Energy Gas $700M 10Y +105, $500M 30Y +125
01/13 $1B *Micron 10Y +102
01/13 $1B *EBRD 5.5Y SOFR+42
01/13 $1B *Plains All American 10Y +120
01/13 $800M KHFC $500M 5Y +63, $300M 5Y SOFR+90
01/13 $750M *Ares Strategic 7Y +175
01/13 $650M *Blue Owl Tech Fin 3Y +185
01/13 $500M *Apollo Debt Solutions 7Y +185

$5B Priced Friday for record high of $135.55B total on week
01/10 $5B *ADB 3Y SOFR+31

$4.5B Priced Thursday 
01/09 $2B *AIIB WNG 5Y +44
01/09 $1.5B *NWB 5Y SOFR+48
01/09 $500M *DBJ 10Y SOFR+73a
01/09 $500M *Isbank PerpNC5.5 9.125%

$29.55B Priced Wednesday, $126.05B total for the week
01/08 $6B *World Bank 7Y +54
01/08 $4.25B *IADB 5Y SOFR+42
01/08 $4.15B *HK Airport $1.3B 3.5Y +45, $1.85B 5.5Y +50, $1B 10Y +55
01/08 $3B *Ontario 5Y SOFR+58
01/08 $2B *Indonesia $900M 5Y 5.3%, $1.1B 10Y 5.65%
01/08 $1.75B *Deutsche Bank $1.25B 4NC3 +105, $500M 4NC3 SOFR
01/08 $1.5B *Codelco $750M 10Y +165, $750M 30Y +185
01/08 $1.5B *Kommunalbanken 5Y +48
01/08 $1.5B *CoE Dev Bank 5Y SOFR+42
01/08 $1.4B *HF Sinclair $650B 6Y +135, $750M 10Y +162.5
01/08 $1.25B *Santander UK 6.25NC5.25 +125
01/08 $500M *Northwestern Mutual 5Y +50
01/08 $750M *Novelis 5NC2 6.875%

$36.95B Priced Tuesday, record $96.5B since Monday
01/07 $6B *European Investment Bank (EIB) 5Y SOFR+42
01/07 $5B *ADB 3Y SOFR+31
01/07 $3.55B *BPCE $1.25B 6NC5 +142, $1.5B 11NC10 +162, $800M 21NC20 +195
01/07 $3.2B *SMFG $800M 5.25Y +78, $800M 5.25Y SOFR+105, $600M 7Y +88, $1B 10Y +95
01/07 $3B *Kexim $850M 3Y +30, $400M 3Y SOFR, $1.25B 5Y +48, $500M 10Y +63
01/07 $2.9B *Daimler Truck $700M 3Y +65, $300M 3Y SOFR+84, $800M 5Y +82, $500M 7Y +92, $600M 10Y +102
01/07 $2B *Santander $1B 5Y +110, $1B 10Y +135
01/07 $2B *Dai-Ichi Life PerpNC10 6.2%
01/07 $1.6B *Republic of Chile 12Y +105
01/07 $1.5B *CIBC 5Y SOFR+71
01/07 $1.25B *HPS Corp Lending $750M 3Y +135, $500M +7Y +165
01/07 $1B *GA Global Funding $500M 5Y +97, $500M 10Y +127
01/07 $1b *Kuwait Finance House (KFH) 5Y SOFR Sukuk +95
01/07 $850M *APA Corp $350M 10Y +150, $500M 30Y +185
01/07 $600M *Met Tower 3Y +48
01/07 $500M *Boston Gas WNG 10Y +115
01/07 $500M *Protective Life 7& +85
01/07 $500M DBJ WNG 10Y SOFR+73

Record $59.55B Priced Monday - would have been a record even without $12B Saudi Arabia & $8.5B Mexico multi-tranche issuance
01/06 $12B *Saudi Arabia $5B 3Y +85, $3B 6Y +100, $4B 10Y +110
01/06 $8.5B *Mexico $2B 5Y +170, $4B 12Y +230, $2.5B 30Y +255
01/06 $3B *Broadcom $1.1B +3Y +53, $800M +5Y +63, $1.1B +7Y +70
01/06 $3B *CRH SMW Finance $1.25B 5Y +75, $1.25B 10Y +90, $500M 30Y +105
01/06 $2.75B *Ntl Australia Bank (NAB) $750M 5Y +50, $750M 5Y SOFR+79, $1.25B 11NC10 +130
01/06 $2.6B *Toyota Motor Cr $650M 2Y +35, $400M 2Y SOFR+47, $700M 5Y +58, $850M 10Y +75
01/06 $2.5B *SocGen $1B 4.25NC3.25 +120, $500M 4.25NC3.25 SOFR+141, $1B 8.25NC7.25 +160
01/06 $2.3B *CIBC $1B 3NC2 +60, $400M 3NC2 SOFR+72, $900M 6NC5 +83
01/06 $2.25B *MUFG $1.1B 6NC5 +78, $1.15B 11NC10 +95
01/06 $2.25B *BNP Paribas 8NC7 +127
01/06 $2B *Hyundai Cap Am $850M 3Y +75, $350M 3Y SOFR+92, $800M 5Y +93
01/06 $1.9B *EDF $700M 10Y +120, $800M 30Y +155, $400M 2064 Tap +170
01/06 $1.75B *JBS $1B 10Y +135, $750M 30Y +162.5
01/06 $1.5B *Southern Cal Edison $850M 10Y +85, $650M 30Y +108
01/06 $1.5B *AerCap Aviation $750M 3Y +75, $750M 7Y +98
01/06 $1.5B *Williams Cos $1B 10Y +100, $500M 30Y +120
01/06 $1.25B *Caterpillar $450M 2Y +25, $350M 2Y SOFR+38, $450M 5Y +42
01/06 $1.25B *UBS 3NC2 +60
01/06 $1.2B *Jackson National Life $700M 2Y +65, $500M 5Y +95
01/06 $1B *India Export-Import Bank 10Y +100
01/06 $900M *John Deere Capital 00M $2Y +25, $500M 3Y +35
01/06 $800M *Corebridge Funding $500M 3Y +58, 3Y SOFR+75
01/06 $750M *Sixth Street Lending 5Y +185
01/06 $600M *RGA Global Funding 5Y +85
01/06 $500M *Lincoln Financial 5Y +88

$1B Priced Friday, $15.6B total for the week
01/03 $500M #MassMutual 5Y +57
01/03 $500M #Sammons Financial 3Y +78

$14.6B Priced Thursday
01/02 $3.5B *Credit Agricole $1.25B 4NC3 +95, $500M 4NC3 SOFR+113, $1.75B 11NC10 +130
01/02 $2.5B *GM Financial $1.2B 5Y +100, $300M 5Y SOFR+129, $1B 10Y +135
01/02 $2.5B *Ford Motor Cr $1.25B -5Y +150, $1.25B 10Y +193
01/02 $2.25B *Athene Global $1.1B 2Y +70, $400M 2Y SOFR+83, $750M 5Y +100
01/02 $1.1B *Duke Energy $400M 5Y +50, $700M 10Y +72
01/02 $1B *Ares Capital +7Y +150
01/02 $750M *Entergy Louisiana 30Y +103
01/02 $500M *Principle Life Global 3Y +55
01/02 $500M *MetLife Global 5Y +57

** $43.15B Total issuance for December 2024 - better than December 2023 total of $28.1B. 
** $1.957T total for 2024 -- highest since 2020 record $2.197T 

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January 2025 finished with record $288.45B total bond issuance from domestic & foreign corporate and supra-sovereigns.

Date $MM Issuer (Priced *, Launch #)
$21.2B Priced Thursday, $37.2B total / wk, ending January with record $288.45B
01/30 $7.75B *Oracle $1.5B +3Y +57, $500M +3Y SOFR+76, $1.25B 7Y +87, $1.75B +10Y +97, $1.75B +30Y +122, $1B +40Y +135
01/30 $5B *NextEra Energy $1B 3Y +60, $500M 3Y SOFR+80, $1B 5Y +73, $750M 7Y +88, $1B 10Y +98, $750M 30Y +113
01/30 $3B *Stryker $500M 2Y +38, $700M 3Y +48, $800M 5Y +58, $1B 10Y +73
01/30 $2.65B #Scotiabank $1.25B 4NC3 +70, $400M 4NC3 SOFR+89, $1B 6NC5 +82
01/30 $1.5B *Medical Properties 7NC3 8.75%
01/30 $750M *State Street PerpNC5 6.45%
01/30 $550M *Alexandria Real Estate 10Y +102

$500M Priced Wednesday, $16B/wk
01/29 $500M *SLM Corp (Sallie Mae) 5Y +220

$15.5B Priced Tuesday
01/28 $3B *JPMorgan PerpNC5 6.5%
01/28 $3B *American Express $1.45B 6NC5 +75, $300M 6NC5 SOFR+102, $$1.25B 11NC10 +90
01/28 $2.5B *Toronto-Dominion Bank $1.25B 3Y +62, $500M 3Y SOFR+82, $750M 7Y +87
01/28 $2B *Carnival Corp 8NC3 6.125%
01/28 $2B *Arab Republic of Egypt $1.25B 5Y 8.625%a, $750M 8Y 9.45%
01/28 $1.75B *Capital One 11NC10 +162
01/28 $750M *Ziraat Bank 5Y 7.375%
01/28 $500M *Aircastle 5Y +108

01/24-27 No new issuance since Thursday

$9.75B Priced Thursday, $31.3B total on the week
01/23 $3B *KDB $900M 3Y SOFR+57, $1.2B 5Y +76, $900M 5Y SOFR+76
01/23 $2.25B *Philippines $1.25B 10Y +90a, $1B 25Y 5.9%
01/23 $1.25B *Orlen 10Y +155
01/23 $1B *Bank of Nova Scotia 60NC5 7.35%
01/23 $1B *Fifth Third Bank $700M 3NC2 +68, $300M 3NCc SOFR+81
01/23 $750M *National Bank of Canada 3NC2 +67
01/23 $500M *American National Global 5Y +115

$8.8B Priced Wednesday
01/22 $2.75B *PNC Financial $1B 6NC5 +80, $1.75B 11NC10 +98
01/22 $1.5B *OPEC Fund 3Y SOFR+64
01/22 $1.25B *CDC 3Y SOFR+57
01/22 $1.05B *Bank of Montreal $750M 4NC3 +67, $300M 4NC3 SOFR+86
01/22 $1B *Blackstone Private Cr Fund 7Y +175
01/22 $750M *Penske 5Y +85
01/22 $500M *FMO +3Y +35

$13.25B Priced Tuesday
01/21 $8.5B GS $2.1B 6NC5 +82, $400M 6NC5+108, $3B 11NC10 +97, $3B 31NC30 +92
01/21 $4.25B RBC $1.55B 4NC3 +65, $600M 4NC3 SOFR+83, $1.8B 6NC5 +77, $300M 6NC5 SOFR+103
01/21 $500M Bank of NZ 10NC5 +130

01/17 $10B *Bank of America $2.5B 4NC3 +65, $750M 4NC3 SOFR+83, $2.75B 6NC5 +75, $500M 6NC5 SOFR+101, $11NC10 +90
01/17 $1B *Kommuninvest WNG 3Y SOFR+34
01/17 $1B *Saskatchewan WNG 5Y SOFR +56

$32.15B Priced Thursday, $68.8B/wk
01/16 $8B *Morgan Stanley 2B 4NC3 +72, $500M 4NC3 SOFR+90, $2.5B 6NC5 +85, $3B 11NC10 +100
01/16 $8B *JP Morgan $2B 4NC3 +62, $750M 4NC3 SOFR+80, $2.5B 6NC5 +75, $2.75B 11NC10 +90
01/16 $6B *Wells Fargo $2.35B 3NC2 SOFR+67, $650M 3NC2 SOFR+78, 6NC5 +85 $3B +85
01/16 $3B *Citigroup 11NC10 +143
01/16 $1.9B *Goldman Sachs PerpNC5 6.85%
01/16 $1.5B *CABEI 3Y +7
01/16 $1.5B *CDP Financial 5Y SOFR+60
01/16 $1.25B *OKB 5Y SOFR+43
01/16 $1B *Dexia 5Y SOFR+73

$2.25B Priced Wednesday, $36.65B/wk
01/16 $1B *Citadel LP $500M 5Y +170, $500M 7Y +190
01/15 $750M *NY Life 10Y +70
01/15 $500M *NLG Global Funding 5Y +95

$19.75B Priced Tuesday
01/14 $3.5B *British Colombia 3Y SOFR+45
01/14 $3B *KFW +5Y +40
01/14 $2.5B *BNG Bank 5Y SOFR+47
01/14 $2.5B *CADES 5Y SOFR+68, upsized from $2B
01/14 $2B *Adobe $800M 3Y +30, $700M 5Y +40, $500M 10Y +55
01/14 $2B *CAF 5Y SOFR+82
01/14 $2B *IFC 3Y SOFR+29
01/14 $1.25B *BFCM $900M 5Y +95, $350M 5Y SOFR+123
01/14 $500M *Blackstone Private Cr Fund 7Y +170
01/14 $500M *Hyundai 3Y +80

$14.65B Priced Monday
01/13 $2.5B *Standard Chartered $1B 4NC3 +105, $500M 4NC3 SOFR+124, $1B 11NC10 +143
01/13 $2B *Deere $1.25B 10Y +68, $750M 30Y +75
01/13 $1.75B *Rabobank $700M 3Y +40, $300M 3Y SOFR+60, $750M 8NC7 +100
01/13 $1.5B *CBA 5Y SOFR+69
01/13 $1.2B *Eastern Energy Gas $700M 10Y +105, $500M 30Y +125
01/13 $1B *Micron 10Y +102
01/13 $1B *EBRD 5.5Y SOFR+42
01/13 $1B *Plains All American 10Y +120
01/13 $800M KHFC $500M 5Y +63, $300M 5Y SOFR+90
01/13 $750M *Ares Strategic 7Y +175
01/13 $650M *Blue Owl Tech Fin 3Y +185
01/13 $500M *Apollo Debt Solutions 7Y +185

$5B Priced Friday for record high of $135.55B total on week
01/10 $5B *ADB 3Y SOFR+31

$4.5B Priced Thursday 
01/09 $2B *AIIB WNG 5Y +44
01/09 $1.5B *NWB 5Y SOFR+48
01/09 $500M *DBJ 10Y SOFR+73a
01/09 $500M *Isbank PerpNC5.5 9.125%

$29.55B Priced Wednesday, $126.05B total for the week
01/08 $6B *World Bank 7Y +54
01/08 $4.25B *IADB 5Y SOFR+42
01/08 $4.15B *HK Airport $1.3B 3.5Y +45, $1.85B 5.5Y +50, $1B 10Y +55
01/08 $3B *Ontario 5Y SOFR+58
01/08 $2B *Indonesia $900M 5Y 5.3%, $1.1B 10Y 5.65%
01/08 $1.75B *Deutsche Bank $1.25B 4NC3 +105, $500M 4NC3 SOFR
01/08 $1.5B *Codelco $750M 10Y +165, $750M 30Y +185
01/08 $1.5B *Kommunalbanken 5Y +48
01/08 $1.5B *CoE Dev Bank 5Y SOFR+42
01/08 $1.4B *HF Sinclair $650B 6Y +135, $750M 10Y +162.5
01/08 $1.25B *Santander UK 6.25NC5.25 +125
01/08 $500M *Northwestern Mutual 5Y +50
01/08 $750M *Novelis 5NC2 6.875%

$36.95B Priced Tuesday, record $96.5B since Monday
01/07 $6B *European Investment Bank (EIB) 5Y SOFR+42
01/07 $5B *ADB 3Y SOFR+31
01/07 $3.55B *BPCE $1.25B 6NC5 +142, $1.5B 11NC10 +162, $800M 21NC20 +195
01/07 $3.2B *SMFG $800M 5.25Y +78, $800M 5.25Y SOFR+105, $600M 7Y +88, $1B 10Y +95
01/07 $3B *Kexim $850M 3Y +30, $400M 3Y SOFR, $1.25B 5Y +48, $500M 10Y +63
01/07 $2.9B *Daimler Truck $700M 3Y +65, $300M 3Y SOFR+84, $800M 5Y +82, $500M 7Y +92, $600M 10Y +102
01/07 $2B *Santander $1B 5Y +110, $1B 10Y +135
01/07 $2B *Dai-Ichi Life PerpNC10 6.2%
01/07 $1.6B *Republic of Chile 12Y +105
01/07 $1.5B *CIBC 5Y SOFR+71
01/07 $1.25B *HPS Corp Lending $750M 3Y +135, $500M +7Y +165
01/07 $1B *GA Global Funding $500M 5Y +97, $500M 10Y +127
01/07 $1b *Kuwait Finance House (KFH) 5Y SOFR Sukuk +95
01/07 $850M *APA Corp $350M 10Y +150, $500M 30Y +185
01/07 $600M *Met Tower 3Y +48
01/07 $500M *Boston Gas WNG 10Y +115
01/07 $500M *Protective Life 7& +85
01/07 $500M DBJ WNG 10Y SOFR+73

Record $59.55B Priced Monday - would have been a record even without $12B Saudi Arabia & $8.5B Mexico multi-tranche issuance
01/06 $12B *Saudi Arabia $5B 3Y +85, $3B 6Y +100, $4B 10Y +110
01/06 $8.5B *Mexico $2B 5Y +170, $4B 12Y +230, $2.5B 30Y +255
01/06 $3B *Broadcom $1.1B +3Y +53, $800M +5Y +63, $1.1B +7Y +70
01/06 $3B *CRH SMW Finance $1.25B 5Y +75, $1.25B 10Y +90, $500M 30Y +105
01/06 $2.75B *Ntl Australia Bank (NAB) $750M 5Y +50, $750M 5Y SOFR+79, $1.25B 11NC10 +130
01/06 $2.6B *Toyota Motor Cr $650M 2Y +35, $400M 2Y SOFR+47, $700M 5Y +58, $850M 10Y +75
01/06 $2.5B *SocGen $1B 4.25NC3.25 +120, $500M 4.25NC3.25 SOFR+141, $1B 8.25NC7.25 +160
01/06 $2.3B *CIBC $1B 3NC2 +60, $400M 3NC2 SOFR+72, $900M 6NC5 +83
01/06 $2.25B *MUFG $1.1B 6NC5 +78, $1.15B 11NC10 +95
01/06 $2.25B *BNP Paribas 8NC7 +127
01/06 $2B *Hyundai Cap Am $850M 3Y +75, $350M 3Y SOFR+92, $800M 5Y +93
01/06 $1.9B *EDF $700M 10Y +120, $800M 30Y +155, $400M 2064 Tap +170
01/06 $1.75B *JBS $1B 10Y +135, $750M 30Y +162.5
01/06 $1.5B *Southern Cal Edison $850M 10Y +85, $650M 30Y +108
01/06 $1.5B *AerCap Aviation $750M 3Y +75, $750M 7Y +98
01/06 $1.5B *Williams Cos $1B 10Y +100, $500M 30Y +120
01/06 $1.25B *Caterpillar $450M 2Y +25, $350M 2Y SOFR+38, $450M 5Y +42
01/06 $1.25B *UBS 3NC2 +60
01/06 $1.2B *Jackson National Life $700M 2Y +65, $500M 5Y +95
01/06 $1B *India Export-Import Bank 10Y +100
01/06 $900M *John Deere Capital 00M $2Y +25, $500M 3Y +35
01/06 $800M *Corebridge Funding $500M 3Y +58, 3Y SOFR+75
01/06 $750M *Sixth Street Lending 5Y +185
01/06 $600M *RGA Global Funding 5Y +85
01/06 $500M *Lincoln Financial 5Y +88

$1B Priced Friday, $15.6B total for the week
01/03 $500M #MassMutual 5Y +57
01/03 $500M #Sammons Financial 3Y +78

$14.6B Priced Thursday
01/02 $3.5B *Credit Agricole $1.25B 4NC3 +95, $500M 4NC3 SOFR+113, $1.75B 11NC10 +130
01/02 $2.5B *GM Financial $1.2B 5Y +100, $300M 5Y SOFR+129, $1B 10Y +135
01/02 $2.5B *Ford Motor Cr $1.25B -5Y +150, $1.25B 10Y +193
01/02 $2.25B *Athene Global $1.1B 2Y +70, $400M 2Y SOFR+83, $750M 5Y +100
01/02 $1.1B *Duke Energy $400M 5Y +50, $700M 10Y +72
01/02 $1B *Ares Capital +7Y +150
01/02 $750M *Entergy Louisiana 30Y +103
01/02 $500M *Principle Life Global 3Y +55
01/02 $500M *MetLife Global 5Y +57

** $43.15B Total issuance for December 2024 - better than December 2023 total of $28.1B. 
** $1.957T total for 2024 -- highest since 2020 record $2.197T 

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