US$ Credit Supply Pipeline

• Date $MM Issuer (Priced *, Launch #)
• 5/15 $3.5B #Goldman Sachs $2.65B 3NC2 +68, $850M 3NC2 SOFR+75
• 5/15 $2.5B #BP Capital Mkts Am $750M 3.5Y +50, $750M 5.5Y +62.5, $1B 10.5Y +87.5
• 5/15 $1.65B #MPLX 10Y +130
• 5/15 $Benchmark Citizens Financial investor calls
• $18B Priced Tuesday, $26.9B/wk
• 5/14 $4B *CADES (Caisse d'Amortissement de la Dette Social) 5Y SOFR+40
• 5/14 $3.5B *ADB (Asia Development Bank) 2Y SOFR+18
• 5/14 $2.75B *NatWest $850M 3Y +80, $500M 3Y SOFR+90, $1B 5Y +95, $400M 5Y SOFR+114
• 5/14 $2.25B *Ford Motor $1.5B 3Y +127, $750M 2034 tap +195
• 5/14 $1.5B *OKB (Oesterreichische Kontrollbank) 3Y SOFR+25
• 5/14 $1.5B *CRH $750M 5Y +75, $750M 10Y +100
• 5/14 $1B *JICA (Japan Int Coop Agcy) 5Y SOFR+53
• 5/14 $1B *McDonald's 5Y +63, 10Y +80
• 5/14 $500M *QNB Finansbank 5Y WNG 7.375%
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• $8.9B Priced Monday
• 5/13 $4B *Johnson & Johnson $1.5B 5Y +32, $1.15B 7Y +42, $850M 10Y +47, $850M 30Y +62
• 5/13 $2.5B *Toyota Motor Cr $750M 2Y +38, $750M 2Y SOFR+45, $1B 5Y +60
• 5/13 $1B *LPL Holdings $500M 3Y +105, $500M 10Y +155
• 5/13 $800M *Berry Global 7Y +133
• 5/13 $600M *Market Group 30Y +140
• 5/10 No new US$ corporate issuance Friday after May supply surged to $55.5 on the week
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• $3.75B Priced Thursday
• 5/9 $3B *Charter Communications $1.5B 5Y +165, $1.5B 10Y +212.5
• 5/9 $750M *Presidio 7NC3 7.5%
• $16.4B Priced Wednesday
• 5/8 $3.25B *HSBC $1.85B 4NC3 +95, $1.4B 8NC7 +125
• 5/8 $3B *Westpac $750M each: 2Y +37.5, 2Y SOFR+42, 5Y +60, 5Y SOFR+81
• 5/8 $2.25B *Eni $1B 10Y +110, $1.25B 30Y +140
• 5/8 $1.75B *PNC Financial 6NC5 +100
• 5/8 $1.75B *UBS Group 6NC5 +112
• 5/8 $1B *Avalon Holdings +5Y +143
• 5/8 $1B *NatWest PerpNC10 8.125%
• 5/8 $1B *Atlassian $500M 5Y +85, $500M 10Y +110
• 5/8 $700M *Centerpoint Energy 5Y +95
• 5/8 $700M *CNO Fncl 10Y +200
• 5/8 $Benchmark IBRD (World Bank) 4Y SOFR+30
• 5/8 $Benchmark Islamic Development Bank 5Y Sukuk SOFR+55a
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• $22.5B Priced Tuesday
• 5/7 $5B *CVS $1B 5Y +95, $1B 7Y +110, $1.25B 10Y +125, $750M 20Y +135, $1B 30Y +150
• 5/7 $3.3B *Ingersoll Rand $700M 3Y +55, $750M 5Y +70, $500M 7Y +85, $750M 10Y +100, $600M 30Y +113
• 5/7 $3B *Standard Chartered $1B 4NC3 +105, $500M 4NC3 SOFR+117, $1.5B 11NC10 +145
• 5/7 $2B *Philippines $1B 10Y +80, $1B 25Y 5.6%
• 5/7 $1.75B *Las Vegas Sands $750M 3Y +130, $500M 5Y +155, $500M 10Y +175
• 5/7 $1.25B *Caterpillar $850M 3Y +40, $400M 3Y SOFR+52
• 5/7 $1B *Organon $500M 10NC5 7.875%, $500M 10NC5 Sr 6.75%
• 5/7 $1B *Mastercard 10Y +55
• 5/7 $1B *Deutsche Bank 5Y +95
• 5/7 $800M *Entergy Arkansas $400M 10Y +100, $400M 30Y +118
• 5/7 $800M *National Rural Utilities $450M 3Y +48, $350M 5Y +73
• 5/7 $500M *Korea Expressway 3Y +90
• 5/7 $500M *BOC Aviation +5Y +87.5
• 5/7 $600M *Host Hotels 10Y +147
• $12.85B Priced Monday
• 5/6 $3B *Coca-Cola $1B 10Y +55, $1.1B 30Y +70, $900M 40Y +80
• 5/6 $2B *Dominion $1B 30.75NC5.5 6.875%, $1B 30NC9.75 7%
• 5/6 $2B *Block Inc 8NC3 6.5%
• 5/6 $1.6B *Athene Global Funding $900M 2Y +80, $300M 2Y SOFR+85, $400M 5Y tap +112
• 5/6 $1.4B *Consolidated Edison $400M 10Y +90, $1B 30Y +110
• 5/6 $850M *Ares Capital +5Y +170
• 5/6 $750M *ICE (Intercontinental Exchange) 7Y +78
• 5/6 $750M *Southern California Edison 7Y +97
• 5/6 $500M *Hilcorp Energy 10NC5 6.875%
• 5/6 $Benchmark Ingersoll Rand investor calls
• 5/3 Slow start to May with less than $5B this week as issuers sidelined ahead the FOMC, April employment data risk as well as the ongoing corporate issuance blackout.
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• $4.6B Priced Thursday
• 5/2 $3.85B *Foundry JV $850M +5Y +135, $1B +7Y +160, $1.2B +10Y +170, $800M +13Y +185
• 5/2 $750M *SS&C Technologies 8NC3

5/1 High grade bond issuers sidelined ahead of the FOMC