USD New Issues: Update

Curvy road 6 DEc 2021
;
An update of USD new issuance.

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  • Swedish Export Credit is working on a 5y benchmark via BMO, BNPP, Citi and Scotia.  Aa1/AA+.  Price talk: SOFR + 55bps area. Expected to price tomorrow.

     

  • Kommuninvest is working on a $1bn 2y deal via Barclays, BNPP, Cit and SEB.  Aaa/AAA.  Price talk: SOFR + 32bps area. Expected to price tomorrow.

     

  • NAB launched a $2.5bn 3-part ($850m short 2y, $650m short 2y FRN and $1bn 5y). Leads Citi, JPM, MS, NAB and TorDom. Aa3/AA-/A+. +70bps, SOFR +76bps and +110bps.

     

  • New York Life priced a $750m 5y FA-backed benchmark. Leads DB, GS, JPM and USB.  Aaa/AA+/AAA.  +107bps.

     

  • Fortune Brands priced a $600m 10y benchmark. Leads BofA, Citi and JPM.  Baa2/BBB/BBB.   +220bps.

     

  • Interpublic priced a $300m 10y. Leads Citi, JPM and MS.  Baa2/BBB/BBB+. +185bps.

     

  • Bacardi Ltd. priced a $1.5bn 3-part ($400m 5y, $700m 10y and $400m 20y). Leads BofA, Barclays, BNPP, Citi, JPM and TD.  Baa3/BBB-/BBB-.  +140bps, +175bps and +190bps.

     

  • Owl Rock Core Income priced a $500m 5y benchmark. Leads RBC, SBMC, TSI and WFS.  Baa3/BB-. +425bps.

     

  • Cheniere Energy priced a $1.4bn 10y. Leads CIBC, CA, MS, Natixis, RBC and WFS. Ba1/BBB-/BBB-. +228bps.  

     

  • Rentenbank priced a $1.25bn 5y USD Global at swaps +35bps via Citi, HSBC, RBC and TorDom.

     

  • MuniFin priced a $1bn, Dec 2027 short 5y at swaps +45bps via Barclays, BMO, Daiwa and Nomura. Aa1/AA+.

     

  • The Asian Development Bank priced a $2bn 2y and $2bn 10y Global bonds at swaps +23bps and swaps +49bps, respectively. Leads Credit Agricole, Deutsche, JPM and MS.

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