US$ Credit Supply Pipeline
Sep-12 18:37By: Bill Sokolis
US
- Date $MM Issuer (Priced *, Launch #)
- 09/12 $8.5B #Bank of America $1.5B 4NC3 +120, $500M 4NC3 SOFR+135, $2.75B 6NC5 +140, $3.75B 11NC10 +160
- 09/12 $4B #Intuit $750M 3Y +55, $750M 5Y +75, $1.25B 10Y +100, $1.25B 30Y +120
- 09/12 $4B #CADES 3Y SOFR+34
- 09/12 $1B *Slovenia 10Y +80
- 09/12 $1B #KBC Group 11NC10 +205
- 09/12 $1B #Nissan Motor $300M 3Y +225, $700M 5Y +265
- 09/12 $800M #NY Life Global 3Y fix +73
- 09/12 $650M #Vistra Operations 10Y +270
- 09/12 $500M *Inter-American Investment Corp (IDB) WNG 5Y SOFR +54
- 09/12 $Benchmark Dominican Republic 12Y, +11Y
- 09/12 $Benchmark American Tower 5Y +145, 10Y +170
- 09/12 $Benchmark Corebridge 10Y +183
- $16.2B Priced Monday
- 09/11 $2.1B *Veralto $700M 3Y +80, $700M 5Y +95, $700M 10Y +120
- 09/11 $2B *Export Bank of Korea (KEXIM) $500M 2Y +45, $1B 5Y +75, $500M 10Y +95
- 09/11 $2B *T-Mobile USA $1B 10Y +148, $1B 30Y +163
- 09/11 $1.75B *ABN AMRO $1.25B 4NC3 +165, $500M 4NC3 SOFR+178
- 09/11 $1B *Banco Bilbao Vizcaya Argentaria PerpNC6 variable 9.375%
- 09/11 $1B *US Foods $500M 5NC2 6.875%, $500M 8.3NC3 7.25%
- 09/11 $1B *Marvell $500M +5Y +140, $00M +10Y +175
- 09/11 $850M *Santos 10Y +265
- 09/11 $750M *Maersk 10Y +165
- 09/11 $600M *Mohawk Industries 5Y +145
- 09/11 $560M *Trinidad and Tobago +7Y +170
- 09/11 $500M *Bank of China Dubai 3Y SOFR+60
- 09/11 $500M *Nevada Power WNG +30Y +163
- 09/11 $500M *Southern Co Gas 10Y +148
- 09/11 $500M *Macquarie Airfinance 5.5NC2 8.125%
- 09/08 No new issuance Friday after $68.73B priced between Tuesday-Thursday.
- $8.35B Priced Thursday
- 09/07 $3B *European Stability Mechanism (ESM) 3Y SOFR+28
- 09/07 $2B *Gilead $1B 10Y +100, $1B 30Y +120
- 09/07 $1.25B *Swedish Export Credit 3Y SOFR+41
- 09/07 $850M *Nordson $350M 5Y +122, $500M 10Y +157
- 09/07 $750M *Standard & Poor's Financial 10Y +100
- 09/07 $500M *Lennox WNG 5Y +112.5
- 09/07 $Benchmark Slovenia 10Y bond investor calls
- $20.53B Priced Wednesday, $60.38B/wk
- 09/06 $4.5B *Barclays $1.45B 4NC3 +175, $300M 4NC3 SOFR+188, $1.25B 6NC5 +205, $1.5B 11NC10 +240
- 09/06 $2B *IADB 10Y SOFR+48
- 09/06 $2B *CaixaBank $1B 4NC3 +195, $1B 11NC10 +255
- 09/06 $2B *AIIB (Asian Infrastructure Investment Bank) 3Y SOFR+41
- 09/06 $1.75B *TD Bank 5Y SOFR+92
- 09/06 $1.75B *Toyota Motor Cr $600M 2Y +58, $400M 2Y SOFR+65, $750M 5Y +85
- 09/06 $1.6B *Marsh & McLennan $600M 10Y +115, $1B 30Y +135
- 09/06 $1.5B *Nestle Holdings $500M each: 5Y +57, 7Y +67, 10Y +77
- 09/06 $1B *Nordic Investment Bank WNG +2Y SOFR+19
- 09/06 $1B *AIB Group 6NC5 +217
- 09/06 $930M *Nippon Life 30NC10 6.25%
- 09/06 $500M *Yapi Kredi 5Y 9.375%
- $39.85B Priced Tuesday, largest placement in approximately two years
- 09/05 $4.75B *BHP Billiton $850M 3Y +65, $700M 5Y +85, $900M 7Y +100, $1.5B 10Y +110, $800M 30Y +125
- 09/05 $3.4B *Volkswagen $800M 2Y +85, $50M 2Y SOFR+93, $900M 3Y +105, $700M 5Y +130, $500M 10Y +165
- 09/05 $3.25B *CBA (Comm. Bank of Australia) $900M 2Y +55, $600M 2Y SOFR+63, $1.75B 5Y SOFR+92
- 09/05 $3B *UBS $1B 2Y +85, $500M 2Y SOFR+93, $1.5B 5Y +128
- 09/05 $3B *ING 4NC3 +142, 4NC3 SOFR+156, 11NC10 +185
- 09/05 $2.5B *JBS $1.6B 10Y +250, $900M 30Y +290
- 09/05 $2.35B *Philip Morris $650M 5Y +105, $700M 7Y +135, $1B 10Y +160
- 09/05 $2B *Codelco $1.3B +10Y +170, $700M 30Y +195
- 09/05 $2B *SMFG Sumitomo Mitsui Fncl GRP $1.1B 5Y +135, $900M 10Y +155
- 09/05 $1.9B *John Deere $350M 2Y +37.5, $550M 3Y +52, $1B 10Y +90
- 09/05 $1.5B *DBS $750M 2Y +53, $750M 2Y SOFR+61
- 09/05 $1.5B *Unilever $700M 5Y +55, $800M 10Y +85
- 09/05 $1.5B *Sumitomo Mitsui Trust $500M each: 3Y +100, 3Y SOFR+115, 5Y +122
- 09/05 $1.35B *MidAmerican Energy $350M 10Y +110, $1B 31Y +147
- 09/05 $1.35B *Duke Energy $600M 10Y +150, $750M 30Y +173
- 09/05 $1.3B *Southern Co $600M +5Y +113, $700M +10Y +148
- 09/05 $1B *Swedbank 3Y +148
- 09/05 $600M *CSX 10Y +95
- 09/05 $600M *WEC Energy 3Y +93
- 09/05 $500M *Mitsubishi WNG 5Y +143
- 09/05 $600M *Metropolitan Life Global 5Y +105
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
| Aug'23 | $79.45B |
| 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 |
