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