Eight borrowers are selling a combined $12.9 billion of US investment-grade bonds on Tuesday, bringing October’s volume in line with dealers’ expectations for the month.
- Lloyds led Tuesday’s issuance with a $3 billion three-part deal, while Royal Bank of Canada followed with a $2.25 billion three-tranche offering of its own
- At $37.2 billion for just two days of activity, this week’s volume is already nearly double what syndicate desks had forecast
- It’s also allowed October to reach dealers’ $90 billion forecast and be barely $4 billion shy of October 2024’s issuance
- NOTE:
Investment Grade Primary Market Analysis Spreadsheet
TODAY’S ...