US$ Credit Supply Pipeline: March Issuance Surge
Mar-03 17:59By: Bill Sokolis
US Treasuries+ 2
- Date $MM Issuer (Priced *, Launch #)
- 03/03 $2.5B #Sumitomo Mitsui $500M 3Y +60, $500M 5Y +75, $1B 5Y SOFR+99, $500M 10Y +90
- 03/03 $1.25B #Virginia Electric $625M 10Y +100, $625M 30Y +120
- 03/03 $1B Alumina PtyLtd 5NC2, 7.5NC3
- 03/03 $Benchmark Synopsys 2Y +60, 3Y +70, 5Y +85, 7Y +95, 10Y +100, 30Y +125
- 03/03 $Benchmark America Honda 3Y +85a, 3Y SOFR, 5Y +100a, 10Y +120a
- 03/03 $Benchmark Duke Energy 2Y +60a, 10Y +110a, 30Y +130a
- 03/03 $Benchmark Columbia Pipelines 10Y +125, 30Y +148
- 03/03 $Benchmark PayPal 3Y +50, 3Y SOFR+67, 10Y +92
- 03/03 $Benchmark MPLX 10Y +155a, 30Y +185a
- 03/03 $Benchmark Tampa Electric 10Y +125a
- 03/03 $Benchmark Nucor 5Y +70, 10Y +95
- 03/03 $Benchmark CME Group 5Y +70a
- 03/03 $Benchmark Humana 10Y +138, 30Y +160
- 03/03 $Benchmark Synchrony Financial 6NC5 +145
- Expected Tuesday:
- 03/04 $3B KFW WNG 2028 +31a
- 03/04 03/03 $750M Chord Enery 8NC3
02/29 No new US$ corporate bond issuance Friday after $53.2B total issued on week, $194.115B for the month
** $264.545B Q4 2024; $1.957T total for 2024 -- highest since 2020 record $2.197T
| Feb'25 | $194.115B |
| Jan'25 | Record $288.45B priced January |
| Dec'24 | $43.15B; $264.545B Q4; $1.957T total for 2024 -- highest since 2020 record $2.197T |
| Nov'24 | $94.95B |
| Oct'24 | $126.445B |
| Sep'24 | $224.75B total; $513.125B Q3 |
| Aug'24 | $137.475B |
| Jul'24 | $150.9B |
| Jun'24 | $122.875B; $443.055B Q2 |
| May'24 | $160.85B |
| Apr'24 | $159.33B total for the month |
| Mar'24 | $186.625B; $736.175B Q1 |
| Feb'24 | $254.2B |
| 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 |
