US IG CLOSE-High-grade issuers raise US$63.724bn this week
* No deals price on Friday
* Hearing two financials stood down
* CDX IG25 wider by over 6 points
* Ten-year treasury touches 2%
* Hearing US$25bn in IG (LSE: IGG.L - news) issuance next week
* InBev bonds trade around reoffer levels
By Mike Gambale
NEW YORK, Jan 15 (IFR) - No deals priced in the high-grade market on Friday.
Inbev's fixed rate note levels (as of 2pm Friday):
3-year: T+90bp/88bp vs new issue spread of 85bp
5-year: T+123bp/120bp vs new issue spread 120bp
7-year: T+152bp/149bp vs new issue spread 150bp
10-year: T+165bp/162bp vs new issue spread 160bp
20-year: T+193bp/190bp vs new issue spread 190bp
30-year: T+205bp/202bp vs new issue spread 205bp
VOLUME STATISTICS
THIS WEEK'S VOLUME:
33 Tranches US$63.724bn
JANUARY VOLUME:
71 Tranches for US$93.399bn
2016 VOLUME:
71 Tranches for US$93.399bn
WEEKLY TRANCHES FIXED VS FLOATING:
Fixed 28 Tranches for US$54.324bn
Floating 5 Tranches for US$9.400bn
JANUARY TRANCHES FIXED VS FLOATING:
Fixed 61 Tranches for US$80.999bn
Floating 10 Tranches for US$12.400bn
WEEKLY TRANCHES BY MATURITY IG CORPS:
1 X 3-YRS US$9.700bn
7 X 5-YRS US$12.80bn
1 X 5.5-YRS US$500m
2 X 7-YRS US$6.400bn
1 X 8-YRS US$227.758m
4 X 10-YRS US$13.200bn
2 X 12-YRS US$847m
2 X 20-YRS US$6.250bn
1 X 30-YRS US$11.00bn
1 X 30NC10 US$1.500bn
1 X Perp US$1.250bn
NEW ISSUE METRICS THIS WEEK:
WEEKLY BOOK TO COVER: 2.06
WEEKLY NIC: 13.10
VOLUME BY NUMBER OF DEALS:
CORP IG THIS WEEK: 17 FOR US$63.724bn
CORP IG 2016 YTD: 35 FOR US$93.399bn
CORP IG 2015 YTD: 36 FOR US$51.000bn
CORP IG 2015 FINAL: 839 FOR US$1.269trn
NOTES: CORP COMPRISED OF IND, FIN, UTL, EM, YNK. AGN/SOV INCLUDES TLGP/GOVTS (Reporting By Michael Gambale; editing by Shankar Ramakrishnan)