US NATGAS: Trinidad Must Pay for Any Gas From Venezuela: Minister
Oct-22 17:44
Venezuela’s oil minister said Oct. 22 that Trinidad & Tobago must pay for any natural gas to be supplied by Venezuela, Reuters reported.
- This follows a U.S. license recently granted to negotiate a join offshore project close to the maritime border.
- The authorisation, issues by the U.S. Treasury Department earlier this month following a meeting between U.S. Secretary of State Marco Rubio and Trinidad’s PM, allows companies in Trinidad and Venezuela to negotiate the project through April 2026. It also mandates that U.S. companies must be included.
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US TSY OPTIONS: Update: 10Y Calls
Sep-22 17:30
- over -7,500 TYX5 113.5/114.5/115.5 1x3x2 call flys, collecting 2 on the package (total volume on the 114.5 call over 40k)
- Meanwhile, over +155,000 TYV5 114 calls, 31-33 ref 112-27 to -24.5
PIPELINE: Corporate Bond Update: $4.5B Dell 4Pt Launched
Sep-22 17:19
- Date $MM Issuer (Priced *, Launch #)
- 09/22 $4.5B #Dell $750M +3Y +58, $1.25B +5Y +80, $1.25B 7Y +90, $1.25B +10Y +100
- 09/22 $1.5B #Royal Caribbean 10Y +125
- 09/22 $1.5B #CBA $750M each: 5Y +45, 5Y SOFR+78
- 09/22 $1.2B #Aercap Ireland $600M each 5Y +75, 10Y +97
- 09/22 $900M #AEP Texas $150M 2034 Tap +97, $750M 30Y +112
- 09/22 $700M Mineral Resources 5.5NC2.5 7.25%a
- 09/22 $500M #Isbank WNG 10.5NC5.5 7.375%
- 09/22 $500M Science Applications 8NC3
- 09/22 $Benchmark Broadcom 5Y +85, +10Y +100, +12Y +110a
- 09/22 $Benchmark Korea National Oil 3Y fix/SOFR, 5Y
- 09/22 $Benchmark Embraer Netherlands +12Y +155a
ITALY T-BILL AUCTION PREVIEW: On offer Thursday (MEF issues correction)
Sep-22 17:08
- Italy will look to sell E6.5bln of the new 6-month Mar 31, 2026 BOT at its auction on Thursday 25 September.
- As we noted earlier - it seemed like it was a typo on the original MEF press release which stated that the auction was on Friday 26 September. The MEF has now sent a correction so the auction will be held on the originally scheduled Thursday 25 September.
