US$ Credit Supply Pipeline
Aug-15 18:37By: Bill Sokolis
US
- Date $MM Issuer (Priced *, Launch #)
- 08/15 $750M #PNC Financial 11NC10 +173
- 08/15 $600M #Jacobs 5Y +200
- $9B Priced Monday
- 08/14 $5B *Bank of America $2B 2Y +70, $400M 2Y SOFR+78, $2B 3Y +90, $600M 3Y SOFR+102
- 08/14 $2B *Fiserv Inc $700M 5Y +108, $1.3B 10Y +155
- 08/14 $1.25B *Huntington Bancshares 6NC5 +185
- 08/14 $750M *Otis Worldwide 5Y +98
- 08/11 No new US$ issuance Friday, total $33.5B high-grade issuance for the week
- $8.5B Priced Thursday
- 08/10 $5.25B *Oneok $750m 3Y +105, $750m 5Y +145, $500m 7Y +165, $1.5b 10Y +195, $1.75b 30Y +240
- 08/10 $3B *Celanese US Holdings $1B 5Y +215, $1B 7Y +240, $1B 10Y +260
- $2.6B Priced Wednesday
- 08/09 $2B *McDonald's $600M 5Y +68, $600M 10Y +98, $800M 30Y +128. Compares to last year's $1.5B issuance on September 9, McDonald's issued $750M 10Y +133, $750M 30Y +168
- 08/09 $600M *Toyota Motor Credit 3Y +60
- $8.2B Priced Tuesday
- 08/08 $3B *BMW US $800M 2Y +55, $600M 2Y SOFR+62, $1B 5Y +95, $600M 10Y +115
- 08/08 $2.7B *Conoco Phillips $1B 10Y +105, $1B 30Y +135, $700M 40Y +150
- 08/08 $1.5B *Ingersoll Rand $500M 5Y +137, $1B 10Y +177
- 08/08 $1B *Virginia Electric and Power $400M 10Y +128, $600M 30Y +150
- $14.2B Priced Monday
- 08/07 $3B *HSBC $2.3B 4NC3 +145, $700M 4NC3 SOFR+157
- 08/07 $2.95B *Thermo Fisher $600M 3Y +50, $750M 7Y +85, $1B 10Y +100, $600M 20Y +98
- 08/07 $2.75B *Goldman Sachs $2.25B 3NC2 +103, $500M 3NC2 SOFR+106.5
- 08/07 $1.5B *BNP Paribas PerpNC5 8.5%
- 08/07 $1.25B *Williams Cos $350M 3Y +87.5, $900M 5Y +118
- 08/07 $1.15B *Caterpillar $800M 2Y +40, $350M 2Y SOFR+45.5
- 08/07 $1B *ANZ 5Y +120
- 08/07 $600M *San Diego Gas & Electric 5Y +90
- 08/04 No new issuance Friday, $15.05B total issued on week
- $2.25B Priced Thursday
- 08/03 $900M #Public Service Electric & Gas $500M 10Y +103, $400M 30Y +115
- 08/03 $750M #NY State Electric & Gas $350M 5Y +140, $400M 10Y +168
- 08/03 $600M #PACCAR Financial $300M 3Y +50, $300M 5Y +70
- $12.2B Priced Wednesday
- 08/02 $5B #Wells Fargo $2B 2Y +72, $400M 2Y SOFR+80, $2.2B 3Y +92, $400M 3Y SOFR+106
- 08/02 $1.6B #Daimler Truck $600M 2Y +73, $500M 5Y +118, $500M 10Y +150
- 08/02 $1B #Columbia Pipelines HoldCo $300M 3Y +150, $700M 5Y +180
- 08/02 $4.6B #Columbia Pipelines OpCo $750M 7Y +175, $1.5B 10Y +195, $600M 20Y +212.5, $1.25B 30Y +235, $500M 40Y +252
- $600M Priced Tuesday
- 08/01 $600M Booz Allen Hamilton 10Y +203
- 08/01 $500M TriNet Group 8NC3 investor call
January kicked off 2023 with total of $231.425B high-grade corporate issuance, highest since March '22.
Total 2022 high-grade corporate US$ issuance at $1.284T, well off $1.879T in 2021 and record $2.196T for 2020
| Jul'23 | $104.075B |
| Jun'23 | $113.195B |
| May'23 | $168.22B |
| Apr'23 | $122.19B |
| Mar'23 | $122.05B |
| Feb'23 | $186.7B |
| Jan'23 | $231.425B |
| Dec'22 | $7.75B; $1.294T total for 2022 |
| Nov'22 | $115.9B |
| Oct'22 | $51.85B |
| Sep'22 | $105.25B; $1.287T through Q3 |
| Aug'22 | $168.5B |
| Jul'22 | $100.6B |
| Jun'22 | $80.85B; $913.58B first half of 2022 |
| 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 |
