US$ Credit Supply Pipeline

• Date $MM Issuer (Priced *, Launch #)
• 06/29-07/01 No new issuance Wed-Fri; $7.75B/wk, $80.85B/Month
• $2.9B Priced Tuesday
• 06/28 $1.9B *Nomura $800M 3Y +190, $500M 5Y +215, $600M 7Y +235
• 06/28 $1B *AfDB (African Dev Bank) 3Y SOFR+25
• $4.85B Priced Monday
• 06/27 $2.75B #Toyota Motor Cr $650M 1.5Y SOFR+65, $1.3B 3Y +80, $800M 7Y +125
• 06/27 $1B #NatWest 6.25NC5.25 +227
• 06/27 $600M *NongHyup Bank $300M 3.5Y +90, $300M 5Y +110
• 06/27 $500M #MetLife 5Y +115
• No new issuance Friday, $16.75B priced on week
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• $5.75B Priced Thursday
• 06/23 $3B *KFW 3Y SOFR+22
• 06/23 $1B *AFD (French Dev Bank) 2Y SOFR+22
• 06/23 $1.75B *United Arab Emirates 10Y +100, 30Y +175
• $8B Priced Wednesday, $15B/wk
• 06/22 $2B *IADB 2Y SOFR+5
• 06/22 $1.5B *Eversource 2Y +125a, 5Y +150a
• 06/22 $1.25B *Targa Resources $750M 5Y +200, $500M 30Y +300
• 06/22 $1.25B *AIIB 3Y SOFR+38
• 06/22 $1B *PSP Capital 5Y SOFR+58
• 06/22 $1B *Kommuninvest WNG 1.5Y SOFR+11
• $7B Priced Tuesday
• 06/21 $4B #NextEra Energy $750M 2Y +100, $1B 3Y +110, $1.25B 5Y +125, $1B 10Y +170
• 06/21 $3B #KLA Corp $1B 10Y +135, $1.2B 30Y +160, $800M 40Y +185
• 06/16 $1.65B *Credit Suisse PNC 5.5 at 9.75%
• 06/13-15 No new issuance Mon-Wed
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• 06/10 No new issuance Thu-Fri after $31.8B priced Mon-Wed
• 06/09 $600M Callon Petroleum 8NC3 investor call
• $16.35B Priced Wednesday, $38.1B/wk
• 06/08 $3.5B *Enel Finance $750M 3Y +145, $750M 5Y +165, $1B 10Y +215, $1B 30Y +240
• 06/08 $3B *Hungary $1.75B 7Y +240, $1.25B 12Y +280 (E750M 9Y +250 as well)
• 06/08 $2.65B *Societe Generale $600M 3Y +140, $800M 5Y +165, $1.25B 11NC10 +320
• 06/08 $1.95B *Bank of NY Mellon $700M 3NC2 +65, $500M 6NC5 +95, $750M 11NC10 +125
• 06/08 $1.5B *CPPIB Capital 5Y SOFR+52
• 06/08 $1B *Council of Europe Development Bank (CoE) 3Y SOFR+21
• 06/08 $750M *Synchrony Financial 3Y +195 (upsized from $500M)
• 06/08 $750M *Bangkok Bank 5Y +130
• 06/08 $650M *Jordan +5Y 7.95%
• 06/08 $600M *ASB Bank 10NC5 +225
• 06/08 $Benchmark Asian Infrastructure Inv Bank (AAIB) 3Y investor calls
• $9.6B Priced Tuesday
• 06/07 $4.5B *JP Morgan 3NC2 +110, 3NC2 SOFR, 8NC7 +153
• 06/07 $1.25B *Kommunivest +2Y SOFR+17
• 06/07 $1B *AMD $500M 10Y +95, $500M 30Y +125
• 06/07 $800M *Kepco $500M 3Y +80, $300M 5Y +105
• 06/07 $550M *AEP Transmission WNG 30Y +140
• 06/07 $500M *Tokyo Metro Govt WNG 3Y SOFR+57
• 06/07 $500M *Centerpoint Energy WNG 10Y +145
• 06/07 $500M Univision Communications 8NC3
• $12.15B Priced Monday
• 06/06 $3.6B #Parker-Hannifin $1.4B 2Y +95, $1.2B 5Y +125, $1B 7Y +145
• 06/06 $2B #Hewlett Packard $900M +5Y +175, $1.1B +10Y +250
• 06/06 $1.5B #Pacific Gas & Electric $450M 3Y +205, $450M 5Y +245, $600M 10Y +290
• 06/06 $1.25B #GM Financial, 5Y +200, 5Y SOFR dropped
• 06/06 $850M #O'Reilly Automotive 10Y +170
• 06/06 $750M #Ally Financial 5Y +195, upsized from $500M
• 06/06 $700M #Goldman Sachs WNG 5NC4 +135
• 06/06 $500M #Santander Holdings, 3NC2 +153
• 06/06 $500M #PACCAR Financial 2Y +43
• No new issuance Friday, June kicks off w/$22.9B
• $4B Priced Thursday
• 06/02 $1B *Province of Saskatchewan 5Y SOFR+55
• 06/02 $750M *Norfolk Southern 31Y +145
• 06/02 $750M *Jackson Financial 5Y +225, 10Y +275
• 06/02 $750M *Penske Trucking 5Y +155 upsized from $500M
• 06/02 $750M *National Bank of Canada 3NC2 +115a, 3MN2 SOFR
• $18.9B Priced Wednesday
• 06/01 $5.5B *TD Bank $1.65B 3Y +95, $350M 3Y SOFR+102, $1.5B 5Y +120, $2B 10Y +155
• 06/01 $2B *Handelsbanken $850M 3Y +85, $350M 3Y SOFR+91, $800M 5Y +105
• 06/01 $2B *Tenet Healthcare 8NC3 6.125%, upsized from $1.8B
• 06/01 $1.6B *Royal Bank pf Canada 3Y SOFR+65a
• 06/01 $1.5B *John Deere $1B 3Y +55, $500M 10Y +100
• 06/01 $1.1B *SEB $700M 3Y +90, $400M 3Y SOFR+96
• 06/01 $1B *NY Life $650M 2Y +53, $350M 2Y SOFR+43
• 06/01 $1B *Province of Saskatchewan 5Y SOFR+55
• 06/01 $1B *Liberty Mutual 30Y +240
• 06/01 $850M *Truist Financial 6NC5 +118
• 06/01 $850M *PNC Financial 11NC10 +170
• 06/01 $500M *Baltimore Gas&Electric WNG 30Y +180a

Total 2021 high-grade corporate US$ issuance at $1.879T 2021 vs. record $2.196T for 2020