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VW, BHP Billiton, JBS, UBS, Southern Co Join Issuance List

PIPELINE
The backlog of corporate debt issuance is accelerating with corporate earnings in the rearview mirror as expected. Estimated high-grade issuance over $50B for the week. Issuance generating rate-lock pressure mostly in Tsy 2s-10s this morning:
  • Date $MM Issuer (Priced *, Launch #)
  • 09/05 $Benchmark BHP Billiton 3Y +75a, 5Y +90a, 7Y +100a, 10Y +125a, 30Y +140a
  • 09/05 $Benchmark Volkswagen AM 2Y fix/SOFR, 3Y, 5Y, 10Y
  • 09/05 $Benchmark Duke Energy 10Y +165a, 30Y +190a
  • 09/05 $Benchmark Swedbank 3Y fix/SOFR
  • 09/05 $Benchmark JBS 10Y +265a, 30Y +300a
  • 09/05 $Benchmark UBS 2Y +95a, 2Y SOFR, 5Y +140a
  • 09/05 $Benchmark Southern Co +5Y +125a, +10Y +165a
  • 09/05 $Benchmark John Deere 2Y, 3Y, 10Y
  • 09/05 $Benchmark MidAmerican Energy 10Y +140a, 31Y +175a

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