$6.5B Eli Lilly 5Pt leads Wednesday high-grade corporate debt issuance.
At least $12.5B to price Wednesday, still waiting on Dow Chemicals launch
- Date $MM Issuer (Priced *, Launch #
- 2/7 $6.5B Eli Lilly $1B 3Y +30, $1B 5Y +45, $1.5B 10Y +60, $1.5B 30Y +70, $1.5B 40Y +77 (for comparison, Eli Lilly issued $4B on Feb 23 last year: $750M 3NC1 +65, $1B 10Y +85, $1.25B 30Y +100, $1B 40Y +115)
- 2/7 $2.5B #Rogers Communications $1.25B 5Y +100, $1.25B 10Y +130
- 2/7 $1B #Constellation Software $500M 5Y +110, $500M 10Y +135
- 2/7 $1B *Inter-American Inv Bank (IDB) 5Y SOFR+51
- 2/7 $1B #UBS WNG Perp NC7.2 7.75%
- 2/7 $500M #NEDC 5Y Sukuk +160
- 2/7 $Benchmark Dow Chemical 10Y +105, 30Y +130
- 2/7 $500M Turkiye Wealth Fund WNG 5Y 9.125%a
- $25.9B Priced Tuesday, $43.625B/wk
- 2/6 $5.5B *Citigroup $3B 6NC5 +115, $2.5B 11NC10 +175
- 2/6 $4B *EIB 10Y SOFR+50
- 2/6 $3.5B *Export Development Canada 5Y SOFR+41
- 2/6 $3B *KDB 3Y $1.75B SOFR+66, $1.25B 5Y SOFR+78
- 2/6 $2.5B *Air Products $750M 5Y +60, $600M 7Y +70, $1.15B 10Y +80
- 2/6 $2B *Bahrain $1B 7Y Sukuk 6.0%, $1B 12Y 7.5%
- 2/6 $2B *Land NRW 3Y SOFR+35
- 2/6 $1.5B *Couche-Tard $900M 10Y +118, $600M 30Y +130
- 2/6 $750M #Rep of Benin 14Y 8.375%
- 2/6 $650M Swedbank PNC6.5 Reg S AT1 7.75%
- 2/6 $500M *CNA Financial 10Y +120
- $17.725B Priced Monday
- 2/5 $4.5B *Cigna $1B +5Y +90, $750M +7Y +100, $1.25B 10Y +110, $1.5B 30Y +125
- 2/5 $3B *Texas Instruments $650M 3Y+35, $650M 5Y+50, $100M 0Y+70, $750M 30Y+85, $350M 39Y+92
- 2/5 $2.55B *GM Financial $1.2B 3Y +115, $350M 3Y SOFR+135, $1B 7Y +165
- 2/5 $2B *Starbucks $1B 3Y +60, $500M 7Y +80, $500M 10Y +90
- 2/5 $1.5B *ERAC Finance $750M 5Y +90, $750M +10Y +105
- 2/5 $1.5B *Morgan Stanley 15NC10 +180
- 2/5 $1.175B *Becton Dickinson $625M 5Y +75, $550M 10Y +95
- 2/5 $1B *Deutsche Bank 4NC3 +145
- 2/5 $500M *Cencora WNG 10Y +98
- 2/5 $Benchmark Paraguay 7Y 8%a, 12Y 6.25%a
- 2/2 No new US$ corporate issuance Friday after $1B priced Thursday.
- $1B Priced Thursday
- 2/1 $1B *Alexandria Real Estate $400M 12Y +140, $600M 30Y +150
- 2/1 $Benchmark Korean Development Bank (KDB) 3Y, 5Y investor calls
- 2/1 $Benchmark Republic of Benin 14Y investor calls
- 2/1 $500M Allied Universal Holdco 7NC3 investor calls
1/31 No new US$ high grade supply Wednesday. Total $295.35B for Jan'24, highest since April 2020.
Total high grade issuance for 2023 at $1.560T - compares to $1.463T total for 2022.
Jan'24 | $295.35B, highest since April 2020 |
Dec'23 | $28.1B; $1.560T total of 2023 vs. $1.463T for 2022 |
Nov'23 | $131.7B |
Oct'23 | $108.3B |
Sep'23 | $165.25B; $348.775B Q3 |
Aug'23 | $79.45B |
Jul'23 | $104.075B |
Jun'23 | $113.195B; $403.605B Q2 |
May'23 | $168.22B |
Apr'23 | $122.19B |
Mar'23 | $122.05B; $540.175B Q1 |
Feb'23 | $186.7B |
Jan'23 | $231.425B |
Dec'22 | $7.75B; $1.463T total for 2022 vs. $1.879T in 2021 |
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 ; $1.879T total for 2021 vs. Record $2.197T total for 2020 |
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 $2.197T total for 2020 |
Dec'20 | $52.24B |
Nov'20 | $126.83B |
Oct'20 | $111.65B |
Sep'20 | $207.82B |
Aug'20 | $204.50B |
Jul'20 | $93.50B |
Jun'20 | $180.50B |
May'20 | $270.90B |
Apr'20 | $401.32B |
Mar'20 | $275.48B |
Feb'20 | $107.50B |
Jan'20 | $165.18B |