[MORNING CALL] 'Twas Two Weeks Before Christmas
While this December has thrown the high-grade primary market a curve ball, with 41 borrowers raising $41.8bln, making it the fourth busiest ex-SSA issuance December on record – and we just might not be done yet – it wouldn’t feel the holidays without the 24th edition of “’Twas Two Weeks Before Christmas,” though it might be a bit early given the type of year we have seen. So, without further ado…
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2024 HIGH GRADE ISSUANCE - 12/09 WEEK, DECEMBER & 2024 ESTIMATES
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| 12/09 WK | LO EST | AVE EST | HI EST | ACTUAL | DEC | LO EST | AVE EST | HI EST | ACTUAL | 2024 | LO EST | AVE EST | HI EST | ACTUAL |
| EX-SSA | $18,000 | EX-SSA | $50.0B | $41,800 | EX-SSA | $1,524,008 | ||||||||
| OVERALL | $19,000 | OVERALL | $55.0B | $42,800 | OVERALL | $1,896,523 |
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2024 HIGH GRADE ISSUANCE - 12/12 PRICINGS
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| ISSUE | RATINGS | MGRS | AMT | CALL | CPN | MAT | SPRD | TYPE | |
| 12/12 | COUSINS PROPERTIES | BAA2/BBB | JPM/TSI/USB | 400 | T+20 | 5.375 | 7YR | +122 | F |
| 1/1 | 400 | 1/1 | 400 | .. |
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