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Published on 1/7/2021 in the Prospect News Investment Grade Daily.

Investment Grade Calendar

On The Horizon

BNP PARIBAS:

• Fixed-to-floating rate notes due Jan. 13, 2027; initial price talk was Treasuries plus 120 bps area

• BNP Paribas Securities Corp. (bookrunner)

• Paris-based banking and financial services company

EQUITABLE FINANCIAL GLOBAL FUNDING:

• Notes due Jan. 9, 2026 with talk in the 70 bps to 75 bps area over Treasuries

• Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (bookrunners)

• New York-based insurance holding company

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT:

• Floaters due Jan. 13, 2023 with yield talk in the SOFR plus 14 bps area and a $300 million add-on to the company’s floaters due Aug. 19, 2027

• BMO Capital Markets Corp., RBC Capital Markets Corp. and Wells Fargo Securities LLC (bookrunners)

• Washington, D.C.-based global development financing cooperative

KOMMUNALBANKEN NORWAY:

• Benchmark fixed-rate notes due Jan. 13, 2026 with talk in the mid-swaps plus 10 bps area, reduced from initial talk in the mid-swaps plus 11 bps area

• BNP Paribas, JPMorgan, Nomura and RBC (bookrunners)

• Oslo-based provider of funding to municipalities

NORTHWESTERN MUTUAL LIFE INSURANCE CO.:

• Funding agreement backed notes due Jan. 14, 2026 with talk in the 60 bps over Treasuries area

• Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (bookrunners)

• Milwaukee-based financial services and mutual insurance company

STANDARD CHARTERED BANK PLC:

• Notes due Jan. 12, 2025, with talk in the Treasuries plus 105 bps area and notes due Jan. 14, 2027 with talk in the Treasuries plus 125 bps to 130 bps area

• Barclays, Credit Suisse, Morgan Stanley, Standard Chartered Bank and TD Securities (bookrunners)

• London-based banking and financial services company


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