World Bank 2Pt on Tap, Historical Guidance for Enbridge

Some interest in the Enbridge 5-part issuance and potential size. Historical context for the oil & gas delivery company, ENB usually issues $750M per tranche with size increasing in the longer debt: $3.5B back on November 6 '23: ($750M 3Y +117, $750M 5Y +142, $750M 7Y +157, $1.25M 30Y +187) after issuing $2B on September 18 '23: ($750M 60NC5 8.25%. $1.25B 60NC10 8.5%) and $3B on March 6 '23 ($700M 3NC1 +135, $2.3B 10Y +173). If that holds, today's size should be appr $5B total.

• Date $MM Issuer (Priced *, Launch #)
• 4/2 $Benchmark Enbridge 3Y +95a, 3Y SOFR, 5Y +115a, 10Y +150a, 30Y +170a.
• 4/2 $Benchmark World Bank 2Y +19a, 7Y +49a
• 4/2 $Benchmark DBJ 5Y SOFR+59a
• 4/2 $Benchmark MassMutual 3Y, 3Y SOFR
• 4/2 $Benchmark Ontario Teachers Finance 5Y +65a
• 4/2 $Benchmark Amphenol 3Y +870a, 5Y +95a, 10Y +120a
• 4/2 $Benchmark TotalEnergies Capital 10Y +100a, 30Y +120a, 40Y +130a
• 4/2 $Benchmark Development Bank of Kazakhstan 3Y investor calls