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Michael Manna

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Bond New Issues: Week Ending January 27, 2017

Posted by Michael Manna on Jan 30, 2017 2:52:09 PM

North American Investment Grade debt was more than triple the amount of that issued in high yield this week, with investment grade debt totaling $24.85 billion and high yield debt totaling $8.26 billion. JPMorgan Chase & Co. (NYSE: JPM) and The Goldman Sachs Group Inc (NYSE: GS) led investment grade deals with JPMorgan having one issue of senior unsecured notes totalling $2.75 billion and Goldman Sachs with three new issues of senior unsecured notes totalling $5.0 billion. This represented 31.2% of total investment grade debt issued this week. Other stocks in the financial sector also had a big week as Capital One Financial Corporation (NYSE: COF) had two new issues of senior unsecured notes totaling $2.0 billion, BB&T Corporation (NYSE: BBT) with three new issues of senior unsecured notes totaling $2.6 billion, Royal Bank of Canada (NYSE: RY) with two new issues of senior unsecured notes totaling $1.75 billion, and SunTrust Banks Inc (NYSE: STI) with two new issues of senior unsecured notes totalling $1.3 billion. International Business Machines Corporation (NYSE: IBM) also had a busy week with four new issues of senior unsecured notes totalling $2.75 billion.

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Topics: High Yield, Investment Grade, New Issues

Bond New Issues: Week Ending January 20, 2017

Posted by Michael Manna on Jan 23, 2017 10:35:45 AM

North American Investment Grade debt was more than quadruple the amount of that issued in high yield this week, with investment grade debt totaling $36.55 billion and high yield debt totaling $8.649 billion. The International Bank for Reconstruction and Development (IBRD) led investment grade deals with a new issue of unsecured notes totaling $5 billion. This represented 13.7% of total investment grade debt issued this week. Financial sector stocks also had a big week with Morgan Stanley (NYSE: MS) having three new issues of senior unsecured notes totaling $7.0 billion, Bank of America (NYSE: BAC) with four new issues of senior unsecured notes totaling $6.75 billion, and Wells Fargo Securities (NYSE: WFC) with two new issues of senior unsecured notes totaling $5.0 billion.

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Topics: High Yield, Investment Grade, New Issues

Bond New Issues: Week Ending January 13, 2017

Posted by Michael Manna on Jan 13, 2017 4:09:08 PM

The amount issued in North American investment grade debt was more than quadruple the amount of that issued in high yield this week, with investment grade debt totaling $35.25 billion and high yield debt totaling $7.97 billion. Broadcom Corporation (NasdaqGS:AVGO) led investment grade deals with four new issues of senior unsecured notes totaling $13.55 billion to replace an old credit facility. This represented 38.4% of total investment grade debt issued this week. General Motors (NYSE:GM) led high yield deals with three new issues of senior unsecured notes totaling $2.5 billion, about 31.4% of total high yield debt issued this week.

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Topics: High Yield, Investment Grade, New Issues, General Motors


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