US$ Corporate Supply Pipeline: Mid-Mar'25 Total $98.3B Issued

Date $MM Issuer (Priced *, Launch #)

03/14 No new corporate issuance Friday after $57.2B priced on the week

$13B Priced Thursday
03/13 $6B *World Bank 5Y SOFR+42
03/13 $2B *DBS $500M 3Y +42, $1B 3Y SOFR+60, $500M 5Y SOFR+65
03/13 $1.75B *Bank of Nova Scotia 3Y SOFR+56
03/13 $1.25B *Kommuninvest 2Y SOFR+31
03/13 $1B *OMERS Finance 5Y SOFR+65
03/13 $1B *Federal Home Loan 2Y +5.5

$11.15B Priced Wednesday
03/12 $2.25B *Stellantis $500M 3Y +140, $750M 5Y +170, $1B 10Y +215
03/12 $2.2B *Amcor Flexibles NA $725M 3Y +83, $725M 5Y +103, $750M 10Y +125
03/12 $1.5B *SoCal Edison $850M 5Y +118, $650M 30Y +160
03/12 $1.25B *NetApp Inc $625M 7Y +130, $625M 10Y +140
03/12 $1.2B *Canadian Pacific Railway $600M 5Y +75, $600M 10Y +95
03/12 $800M *PBF Holding 5NC2 10.25%
03/12 $800M *AES 7Y +160
03/12 $650M *CGI Inc 5Y +100
03/12 $500M *Equitable Holdings WNG 30NC10 6.7%

$27.65B Priced Tuesday, $33.05B/wk
03/11 $9B *Rio Tinto $500M 2Y +50, $750M 3Y +65, $500M 3Y SOFR+84, $1.75B 5Y +85, $1.25B 7Y +95, $1.75B 10Y +105, $1.75B 30Y +123, $750M 40Y +133
03/11 $4B *EIB 3Y SOFR+34
03/11 $3.5B *Canada 5Y +11
03/11 $2.5B *BAT Cap $1B +7Y +120, $1B +10Y +135, $500M +30Y +168
03/11 $2B *AfDB 5Y SOFR+43
03/11 $1B *MetLife 30NC10 6.35%
03/11 $1B *Nutrien $400M 2Y +60, $600M 7Y +115
03/11 $1B *American Tower $650M 5Y +90, $350M 10Y +110
03/11 $1B *Nordea Bank $600M 3Y +50, $400M 3Y SOFR+70
03/11 $750M *Prudential Financial 10Y +95
03/11 $750M *JB Hunt 5Y +95
03/11 $650M *Booz Allen Hamilton 10Y +165
03/11 $500M *Edison Int 5Y +250

$5.4B Priced Monday
03/10 $1.5B *AMD $875M 1.5Y +30, $625M 3Y +40
03/10 $1B *Steel Dynamics $600M 10Y +115, $400M 30Y +140
03/10 $700M *Wayfair LLC 5.5NC2.5 7.75%
03/10 $600M *Puget Energy 10Y +150
03/10 $600M *Entergy MS 30Y +125
03/10 $500M *Rockies Exp Pipeline 8NC3 6.75%
03/10 $500M *Extra Storage Space 10Y +120

03/07 No new corporate debt issued Friday after $47.1B total priced on the week

$17.1B to Price Thursday
03/06 $5B *Commonwealth Bank of Australia $750M 3Y +45, $1B 3Y SOFR+64, $500M 5Y +55, $1.5B 5Y SOFR+81, $1.25B 21NC20 +132
03/06 $2.6B *GlaxoSmithKline 00M $2Y +35, $600M 2Y SOFR+50, $850M 5Y +55, $750M 10Y +70
03/06 $1.8B *Celanese $700M 5NC2 6.5%, $1.1B 8NC3 6.75% (E750M 6NC2.5 also priced)
03/06 $1.5B *First Citizens $500M 6NC5 +117, $1B 15NC10 +197
03/06 $1.5B *Dominion Energy $800M 5Y +95, $700M 10Y +120
03/06 $1.2B *Diamondback Energy 10Y +128
03/06 $1B *PSEG $600M 5Y +87, $400M 10Y +112
03/06 $700M *Verisk Analytics 10Y +100
03/06 $600M *Evergy Kansas $300M WNG 3Y +73, $300M WNG 10Y +100
03/06 $600M *IADB 5Y SFOR+39
03/06 $600M *CSX 10Y +80

$30B Priced Wednesday, led by $26B Mars 8Pt debt, eighth largest on record
03/05 $26B #Mars $2B 2Y +50, $3.25B 3Y +60, $4.5B 5Y +75, $2.75B 7Y +85, $5B 10Y +95, $2.75B 20Y +110, $4.75B 30Y +117, $1B 40Y +127
03/05 $1.75B #Axon $1B 5NC2 6.125%, $750M 8NC3 6.25%
03/05 $1B *KommuneKredit WNG 5Y SOFR+44
03/05 $750M #Republic of Armenia 10Y 7.1%
03/05 $500M Forestar Group 8NC3 6.5%

$7.8B Priced Tuesday, $36.1B/wk
03/04 $3B *KFW +3Y SOFR+29
03/04 $2.1B *Meiji Yasuda 30.25NC10.25 6.1%
03/04 $1.1B *3M $550M 5Y +80, $550M 10Y +95
03/04 $600M *OneMain Finance 7NC3 6.75%
03/04 $500M *First Horizon 6NC5 +153
03/04 $500M *VeriSign +7Y +125

$28.3B to Price Monday
03/03 $10B *Synopsys $1B 2Y +60, $1B 3Y +70, $2B 5Y +85, $1.5B 7Y +95, $2.4B 10Y +100, $2.1B 30Y +125 (Largest since Bank of America issued $10B over 5tranches on January 17).
03/03 $2.5B *Sumitomo Mitsui $500M 3Y +60, $500M 5Y +75, $1B 5Y SOFR+99, $500M 10Y +90
03/03 $2.1B *Duke Energy $00M 2Y +40, $850M 10Y +90, $750M 30Y +110
03/03 $2.05B *AM Honda $650M 3Y +65, $400M 3Y SOFR+82, $500M 5Y +85, $500M 10Y +105
03/03 $2B *MPLX $1B 10Y +130, $1B 30Y +160
03/03 $1.5B *PayPal $450M 3Y +50, $450M 3Y SOFR+67, $600M 10Y +92
03/03 $1.25B *Virginia Electric $625M 10Y +100, $625M 30Y +120
03/03 $1.25B *Humana $750M 10Y +138, $00M 30Y +160
03/03 $1B *Columbia Pipelines $550M 10Y +125, $450M 30Y +148
03/03 $1B *Alumina PtyLtd $500M 5NC2 6.125%, $500M 7.5NC3 6.375%
03/03 $1B *Nucor $500M 5Y +70, $500M 10Y +95
03/03 $800M *Synchrony Financial 6NC5 +145
03/03 $750M *CME Group 5Y +50
03/03 $600M *Tampa Electric 10Y +100
03/03 $500M *John Deere Capital 3Y SOFR+50

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