HALISTER1: Goldman and Morgan Stanley Add to U.S. Bank Issuance This Week

Goldman and Morgan Stanley Add to U.S. Bank Issuance This Week

(Bloomberg) -- U.S. banks continue to drive investment-grade bond volume with Goldman Sachs (GS) and Morgan Stanley (MS) each in with benchmark 3-part debt offerings.
  • These two deals will likely bring total U.S. Bank issuance near $30b for the week
  • The movement in rates has favored issuers with the 10y comfortably back below 2.30% after flirting with 2.40% last week
  • Two corporates are also on today’s docket, yankee grocer Couche-Tard (ATDBCN) and domestic utility Duquesne Light (DQE). Both issuers engaged in investor outreach earlier this week
Today’s Deals
  • Goldman Sachs (GS) $benchmark 3-part
  • Morgan Stanley (MS) $benchmark 3-part
  • Couche-Tard (ATDBCN) $benchmark 3-part
  • Duquesne Light (DQE) $325m WNG 10y
  • Province of Alberta (ALTA) $1.5b 5y Global
  • Kommunalbanken (KBN) $560m tap FRN due 09/2021
To contact the reporter on this story: Lisa Loray in New York at lloray2@bloomberg.net

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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