US$ Credit Supply Pipeline: Mid-September Roundup

Date $MM Issuer (Priced *, Launch #)

09/11 $Benchmark American Tower 5Y +95a, 10Y +105a

$12.5B Priced Wednesday, $57.45B/wk
09/10 $3B *Saudi Aramco $1.5B each: 5Y Sukuk +70, 10Y +80 (books were over $16.5B)
09/10 $3B *IDA (International Development Assn) 7Y SOFR+55
09/10 $3B *KFW 3Y SOFR+30
09/10 $1B *Federal Home Loan 2Y +3.5
09/10 $1B *Light and Wonder 8NC3 6.5%
09/10 $500M *Korea Housing Finance Corp (KHFC) 5Y +40
09/10 $500M *Bidvest WNG 7NC3 6.2%
09/10 $500M *Komatsu Finance AM 5Y +62

$14.75B Priced Tuesday, $44.95B/wk
09/09 $2.5B *Repsol E&P Capital $500M 3Y +130, $1B 5Y +160, $1Y 10Y +190
09/09 $2.05B *NCL Corp $1.025B each: 5.25NC2 5.875%, 8NC3 6.25%
09/09 $2B *Stellantis $1B 3Y +145, $300M 3Y SOFR+169, $700M 5Y +180
09/09 $2B *Turkiye Govt International Bond 10Y 7%
09/09 $1.5B *Raymond James $650M 10Y +85, $850M 30Y +95
09/09 $1B *Korea Development Bank 5Y SOFR+64
09/09 $1B *UWM Holdings 5.5NC2.5 6.25%
09/09 $800M DTE Energy $250M 3Y Tap +57, $550M 10Y +102
09/09 $750M *Huntington Bancshares PerpNC5 6.25%
09/09 $650M *NBN Co 5Y +60
09/09 $500M *Met Tower 5Y +65

$30.2B Priced Monday
09/08 $4B *Wells Fargo $1.5B 4NC3 +62, $750M 4NC3 SOFR+88, $1.75B 11NC10 +85
09/08 $3B *Elevance $750M 3Y +55, $750M 7Y +85, $1B +10Y +100, $500M 30Y +105
09/08 $2.9B *Hewlett Packard $900M 2Y +58, $850M 3Y +70, $300M 3Y SOFR, $850M 5Y +85
09/08 $2.75B *Capital One $1.25B 6NC5 +92, $1.5B 11NC10 +115
09/08 $2.25B *Bank of Nova Scotia 3NC2 +55, 3NC2 SOFR+76, 6NC5 +77
09/08 $2.25B *Uber $1B +5Y +60, $1.25B 10Y +80
09/08 $2B *PIF 10Y +95
09/08 $2B *Home Depot $500M 3Y +30, $500M 5Y +45, $1B 10Y +63
09/08 $1.75B *Duke Energy $1B 10Y +95, $750M 30Y +103
09/08 $1.7B *Virginia Electric $825M 10 +87, $875M 30Y +92
09/08 $1.1B *Ares Strategic $600M +3Y +160, $500M +5Y +185
09/08 $1.1B *Equitable America $300M 2Y +50, $300M 2Y SOFR+71, $500M 7Y +93
09/08 $750M *Danske Bank 6NC5 +85
09/08 $750M *Westpac NZ 5Y +65
09/08 $750M *Millrose Properties 7NC3 6.25%
09/08 $650M *Antero Midstream 8NC3 5.75%
09/08 $500M *Puget Sound Energy WNG 30Y +88

09/05 No new US$ corporate issuance Friday after $90.35B total since Tuesday- most since the first week of January ($135.55B)

$15.9B Priced Thursday
09/04 $6.5B *Citigroup $3B 6NC5 +85, $500M 6NC5 SOFR, $3B 11NC10 +100
09/04 $1.9B *Sunoco $1B 5.5NC2 5.625%, $900M 8.5NC3 5.%
09/04 $1.5B *Sunoco PerpNC5 
09/04 $1.25B *Avalon Holdings 7Y +120
09/04 $1.2B *SK Hynix $600M 3Y +73, $600M 5Y +80
09/04 $1B *Swedish Export Credit 5Y SOFR+48
09/04 $750M *Brookfield Asset Management 30Y +120a
09/04 $700M *Kallpa Gerneracion 10Y +140
09/04 $1.1B *HPS Corporate Lending Fund $600m 3Y +155, $500m 5Y +183

$23.5B Priced Wednesday from 24 names after Tuesday's record 28 companies issued $50.95B in debt
09/03 $2B *Petrobras Global $1B +5Y 5.35%, $1B +10Y 6.55%
09/03 $2B *AIIB 3Y SOFR+31
09/03 $1.5B *OKB 5Y SOFR+43
09/03 $1.4B *Dow Chemical $750M +5Y +115, $650M +10Y +145
09/03 $1.25B *Plains All American $700M +5Y +105, $550M +10Y +142
09/03 $1.2B *Clarios 7NC3 6.75%
09/03 $1.2B *Sumitomo Life Insurance 30NC10 5.875%
09/03 $1.1B *PTT Global Chem $600M PerpNC5.25 6.5%, $500M PerpNC10 7.125
09/03 $1.05B *PECO Energy $525M each: 10Y +68, 30Y +75
09/03 $1B *Turkie Wealth Fund $500M +5Y 7%, $500M 10Y 7.75%
09/03 $1B *Suzano Netherlands +10Y +145
09/03 $850M *Nordea Bank Perp Nov'33 6.75%
09/03 $850M *Cleveland-Cliffs 8.25NC3.25 7.625%
09/03 $850M *Southern Co Gas $425M 3Y +52, $425M 10Y +93
09/03 $800M *F&G Global $500M 3Y +108, $300M 3Y SOFR+132.5
09/03 $800M *OneMain Finance 7.5NC3 6.5%
09/03 $750M *Pacific Life 30Y +105
09/03 $700M *Tallgrass Energy 8.5NC3.5 6.75%
09/03 $600M *Commercial Bank (PSQC) 5Y +100
09/03 $600M *Lithia Motors 5NC2 5.5%
09/03 $500M *Colburn 10Y +120
09/03 $500M *BNY Mellon PerpNC5 5.95%
09/03 $500M *Century Comm 8NC3 6.625%
09/03 $500M *Blackstone Private Credit 5Y +160

A record 28 companies issued $50.95B in debt Tuesday -- the record for largest single day issuance is $59.55B on Monday January 6 from 25 companies & supra sovereigns.
09/02 $6B Merck $750M 2Y +25, $500M 2Y SOFR+46, $750M 5Y +45, $1B 7Y +58, $1.75B 10Y +68, $1.25B 30Y +75
09/02 $5.5B *Kingdom of Saudi Arabia Sukuk $2.25B 5Y +65, $3.25B 10Y +75
09/02 $4.5B *Cigna $1B 5Y +80, $1.25B 7Y +90, $1.5B 10Y +100, $750M 30Y +110
09/02 $4B *MUFG $1B 6NC5 +80, $1B 6NC5 SOFR+113, $1B 11NC10 +93, $1B PerpNC10 6.35%
09/02 $2.5B *CIBC $850M 3NC2 +60, $650M 3NC2 SOFR+80, $1B 6NC5 +85
09/02 $2B *Royalty Pharma $600M +5Y +93, $900M 10Y +118, $500M 30Y +128
09/02 $2B *Volkswagen Grp $700M 2Y +82, $700M 3Y +95, $600M 5Y +112
09/02 $2B *Toyota Cr $800M 3Y +47, $500M 3Y SOFR+72, $700M 7Y +68
09/02 $1.75B *Brazil $750M 11/30 tap 5.2%, $1B 30Y +7.5%
09/02 $1.75B *Sumitomo Mitsui $750M 3Y SOFR+75, $500M 5Y +65, $500M 11NC10 +115
09/02 $1.65B *Mitsubishi $300M 3Y +45, $400M 3Y SOFR+70, $500M 5Y +50, $400M 10Y +65
09/02 $1.65B *American Honda $700M 3Y +65, $300M 3Y SOFR+90, $650M 5Y +80
09/02 $1.5B *BHP Billiton $500M +10Y +77, $1B 30Y +83
09/02 $1.5B *HSBC 11NC10 +147
09/02 $1.5B *ING PerpNC7 7.0%
09/02 $1.35B *Jersey Central Power $350M +3Y +55, $500M +5Y +70, $500M +10Y +90
09/02 $1.25B *Ford Motor Cr 5Y +198
09/02 $1.25B *Credit Agricole PerpNC10 7.125%
09/02 $1.2B *Kodiak Gas $600M 8NC3 6.5%, $600M 10NC5 6.75%
09/02 $1B *Norinchukin $500M 5Y +93, $500M 10Y +108
09/02 $1B *Guardian Life $550M 3Y +45, $450M 7Y +70
09/02 $750M *Nomura 10.75NC5.75 +130
09/02 $650M *Ares Capital +5Y +160
09/02 $600M *Antofagasta 10Y +140
09/02 $600M *First Citizens 10NC5 +185
09/02 $500M *Jackson National Life 5Y +85
09/02 $500M *Alabama Power +5Y +60
09/02 $500M *Orix Corp 5Y +75