July total high-grade corporate issuance $100.1B
July closes out month with just over $100B high-grade corporate issuance, compares to $124.885B for July 2021.
- Date $MM Issuer (Priced *, Launch #)
- 07/29 No new US$ issuance Friday after $19.4B total priced on wk
- $5.1B Priced Thursday
- 07/28 $2.25B *General Motors $1B 7Y +270, $1.25B 10Y +295
- 07/28 $1.35B *CIBC 3Y +115 (drops 3Y SOFR)
- 07/28 $1B *Posco $700M 3Y +160, $300M 5Y +185
- 07/28 $500M *Appalachian Power 10Y +18507/27 Issuers sidelined ahead Wed's FOMC annc, running total for week at $14.3B
- $800M Priced Tuesday
- 07/26 $800M *Swedish Export Credit 4Y SOFR+57
- $13.5B Priced Monday
- 07/25 $3.5B *American Express $2.25B 3Y +100, $1.25b 11NC10 +160
- 07/25 $2.75B *RBC $1.5B 2Y +95, $1.25B 5Y +135
- 07/25 $2.5B *Truist Financial $1.5B 4NC3 +128, $1B 11NC10 +210
- 07/25 $2.25B *Capital One $1.35B 4NC3 +200, $900M 8NC7 +235
- 07/25 $1.5B *Kinder Morgan $750M each: 10Y +200, 30Y +240
- 07/25 $1B *Fifth Third 8NC7 +187.5
- 07/22 No new US$ issuance Friday, $50.35B/total for week
- $2B Priced Thursday
- 07/21 $2B *CSX $950M 10Y +120, $900M 30Y +145, $150M 46Y +180
- $9.05B Priced Wednesday; $48.35B/wk
- 07/20 $3.25B *IBM $1B 3Y +75, $750M 5Y +100, $750M 10Y +145, $750M 30Y +180 (adds to $1.8B issued in early Feb w/ $650M 5Y +60, $500M 10Y +95, $650M 30Y +132)
- 07/20 $1.5B *NTT Finance $500M Each: 2Y +90, 3Y +100, 5Y +120
- 07/20 $1.25B *Lenovo $625M each: 5.5Y +265, 10Y +350
- 07/20 $1B *Imperial Brands 5Y +320
- 07/20 $850M *Nationwide BS 5Y +170
- 07/20 $700M *Korea Hydro 5Y +123
- 07/20 $500M *Bank Leumi 5Y +210
- $18.55B Priced Tuesday, $39.3B/wk
- 07/19 $10B *Bank of America $2B 4NC3 +160, $3B 6NC5 +180, $5B 11NC10 +200
- 07/19 $3.05B *US Bancorp $1.75B 6NC5 +140, $1.3B 11NC10 +195
- 07/19 $2B *TD Bank 3Y SOFR+79
- 07/19 $1.75B *Bank of NY Mellon $1.25B 4NC3 +120, $500M 8NC7 +148
- 07/19 $1B *Taiwan Semiconductor Mfg (TSMC) 5Y +150a, 10Y +200a
- 07/19 $750M *Autozone 10Y +175
- $20.75B Priced Monday
- 07/18 $7B *JP Morgan $3.5B 6NC5 +175, $3.5B 11NC10 +193
- 07/18 $6.5B *Wells Fargo $3B 6NC5 +175, $3.5B 11NC10 +195
- 07/18 $4B *Morgan Stanley $2B 4NC3 +152, $2B 11NC10 +192
- 07/18 $2.5B *Bank of Montreal 3Y SOFR+79
- 07/18 $750M *American Movil SAB 10Y +175
- 07/18 $Benchmark Lenovo multi-tranche investor calls
- 07/15 No new issuance Friday, $15.55B total priced on week, $30.85B/month
- 07/14 $2.5B *PepsiCo $750M +5Y +55, $1.25B 10Y Green +95, $500M 30Y +108
- 07/13 $Benchmark issuers sidelined after CPI-induced volatility
- $5.3B Priced Tuesday
- 07/12 $4B *World Bank5Y (IBRD) SOFR+40
- 07/12 $1.3B *Deutsche Bank 4NC3 +325a, 4NC3 SOFR
- $6.75B Priced Monday
- 07/11 $4.5B *MUFG $1.4B 3NC2 +170, $350M 3NC2 SOFR+165, $1.25B 6NC5 +195, $1.5B 11NC10 +212.5
- 07/11 $1.75B *BPCE $750M 5Y +177, $1B 11NC10 +277
- 07/11 $500M *Bermuda 10Y +210
- 07/08 No new issuance Friday, $15.3B total on wk
- $10.6B Priced Thursday
- 07/07 $7.5B *Celanese $2B 2Y +287, $1.75B 3Y +300, $2B 5Y +312, $750M 7Y +325, $1B 10Y +337
- 07/07 $1.5B *FHLBanks 2Y +9.5
- 07/07 $1B *MetLife 30Y +180
- 07/07 $600M *Tampa Electric $300M 2Y +85, $300M 30Y +180
- $4.2B Priced Wednesday
- 07/06 $2.5B *Fidelity National $750M 3Y +155, $500M 5Y +180, $750M 10Y +220, $500M 30Y +250
- 07/06 $1.7B BFCM (Banque Federative du Credit Mutuel) $800M 3Y +155, $900M 5Y +180
- 07/05 $500M *Korea Gas 5Y +115
- 07/01 No new issuance Fri
Total 2021 high-grade corporate US$ issuance at $1.879T 2021 vs. record $2.196T for 2020
Jul'22 | $100.6B |
Jun'22 | $80.85B |
May'22 | $103.225B |
Apr'22 | $175.2B |
Mar'22 | $258.425B (Highest since May 2020) |
Feb'22 | $92.62B |
Jan'22 | $203.26B |
Dec'21 | $62.2B vs. $52.24B Dec'20 total; Q4 total $344.875B; $782.51B H2 2021 |
Nov'21 | $133.875B |
Oct'21 | $148.8B |
Sep'21 | $215.635B; Q3 total $437.64B |
Aug'21 | $97.12B |
Jul'21 | $124.885B |
Jun'21 | $136.35B; Q2 total $478.875B |
May'21 | $159.125B |
Apr'21 | $183.4B |
Mar'21 | $232.62B; Q1 total $618.03B |
Feb'21 | $157.86B |
Jan'21 | $227.55B |
2020 Recap: | Record $2.196T |
Dec'20 | $52.24B; $796.54B H2 2020 |
Nov'20 | $126.83B |
Oct'20 | $111.65B |
Sep'20 | $207.82B |
Aug'20 | $204.50B |
Jul'20 | $93.50B |
Jun'20 | $180.50B; Record $1.40T H2 2020 |
May'20 | $270.90B |
Apr'20 | $401.32B |
Mar'20 | $275.48B |
Feb'20 | $107.50B |
Jan'20 | $165.18B |