[THE ENDGAME] : A Banner Day
It was a red-letter day in the high-grade primary market for a number of reasons. Nine more issuers – 22 for the week – raised $13.4bln bringing issuance for the week to $33.15bln, more than enough to eclipse the average weekly estimate of $30bln for the thirty-fifth time this year.
It also brought ex-SSA issuance for the month of November to $81.4bln, again enough to top the monthly average estimate of $70bln. Actual monthly issuance has topped the average estimate every month this year. Lastly, it was also enough to officially crown 2024 as the second most prolific ex-SSA high-grade issuance ($1.464.908bln) year on record, topping 2021’s $1.461.891bln and trailing only 2020’s $1.795.825bln.
It appears issuers continue to race to get ahead of what is expected to be an inactive issuance week next week (Thanksgiving). To put things in perspective, this week, over the last two years, produced just under $6bln. But looks can be deceiving, since it was Thanksgiving Week – the holiday (November 28) falls late this year.
Today’s haul was led by a rather chunky debut issue from mobile technology company Applovin who raised $3.55bln via a 4-pt offering that drew $19.5bln (5.5x covered) in investor interest. However, investors didn't seem all that enthralled with today's offerings. While today's deals contracted an average of 27.9bp from IPT/PX, they only built a combined book of $37.5bln (2.8x covered), while pricing at an average NIC of 3.9bp. In all fairness, some final metrics were not available.
As for the general market, which spent most of the day anticipating Nvidia’s earnings – the company reported earnings per share of $0.81, topping the $0.75 estimate on revenue of $35.08bln, also topping the Street estimate of $33.16bln, though the company’s forecast failed to meet the highest expectations. The stock traded 2.67% lower in afterhours trading. Prior to that, the three major averages closed mixed on the day with the Dow the only index in the green (+140 points), while the S&P500 (0.0%) closing unchanged and the Nasdaq closing lower by 0.11%.
Treasuries trudged through a fairly uneventful trading session, closing slightly lower. The benchmark 10yr, which closed at 4.39% last night, traded 2bp higher to close at 4.41%, as did the long bond, which closed at 4.59%. On the other hand, the 2yr note saw its yield jump 4bp to close at 4.31%
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| A1/A-/A+ | BP Capital Markets America Inc (BPLN) |
| $2bln [BP Capital Markets America Inc] (BPLN) 3-pt (5.017% 11/17/27 tap, 5yr (11/25/29) & 5.227% 11/17/34 tap) SEC registered senior unsecured notes. A1/A-/A+. BofA/GS/MS/SANT/SMBC/TD. UOP: General corporate purposes, including working capital for BP or other companies in the BP Group and the repayment of existing borrowings of BP and its subsidiaries. MWC. Par call 1mos (3yr & 5yr), 3mos (10yr) prior to mat. Denoms 1k x 1k. ISINS: (3yr) US10373QBY52, (10yr) US10373QCA67. S/D 11/25 (F). |
| IPT(s) | GUIDANCE | LAUNCHED | PRICED |
| +60 area | +37.5# | $400m 5.017% 11/17/27 +37.5 | $400m 5.017% 11/17/27 101.034 4.632% +37.5 MW T+10 (TSY 4.125% 11/15/27) (NOW: $1.15bln) |
| +80 area | +60# | $650m 11/25/29 +60 | $650m 4.868% 11/25/29 100.00 4.868% +60 MW T+10 (TSY 4.125% 10/31/29) |
| +110 area | +87.5# | $950m 5.227% 11/17/34 +87.5 | $950m 5.227% 11/17/34 99.599 5.279% +87.5 MW T+15 (TSY 4.25% 11/15/34) (NOW: $1.95bln) |
| BOOKS: | $700m, $1.2bln, $1.8bln |
| NIC(s): | +04, +08, +04 |
| COMP(s): | BPLN 5.017 11/17/27 $101.13 ~T+33 G+33 BPLN 3.937 09/21/28 $97.43 ~T+39 G+40 BPLN 4.970 10/17/29 $100.75 ~T+52 G+52 BPLN 3.633 04/06/30 $94.47 ~T+54 G+52 BPLN 4.989 04/10/34 $98.24 ~T+82 G+83 BPLN 5.227 11/17/34 $99.70 ~T+85 G+86 |
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| Baa3/BBB-/BBB- | Adani Hybrid Energy Jaisalmer One Limited (“AHEJ One”) / Adani Hybrid Energy Jaisalmer Two Limited (“AHEJ Two”) / Adani Solar Energy Jaisalmer One Private Limited (“ASEJ One”)] (ADNGRE) |
| $600m (WNG) [Adani Hybrid Energy Jaisalmer One Limited (“AHEJ One”) / Adani Hybrid Energy Jaisalmer Two Limited (“AHEJ Two”) / Adani Solar Energy Jaisalmer One Private Limited (“ASEJ One”)] (ADSEZ) 144a Reg S 20 yr (11/27/44) Door to Door /13.09yr WAL. senior secured "green" notes. Baa3/BBB-/BBB-. DBS/ENBD/FADB/ING/IMI/MIZ/MUFG(B&D)/SMBC/SBI. UOP: The proceeds of the offering will be utilized by the Issuers to repay AHEJ One’s, AHEJ Two’s and ASEJ One’s Foreign Currency Loans (including any accrued and unpaid interest, any break costs and any premium thereunder), as permitted under the ECB Guidelines. CoC Put: At 101% upon “Change of Control Triggering Event”, i.e. a Change of Control together with a Ratings Downgrade. Listing: India International Exchange (IFSC) Limited (the “India INX”) and the NSE IFSC Limited (the “NSE IX”). US$200,000 and integral multiples of US$1,000 in excess thereof. English Law for the Note Trust Deed, the Agency Agreement and the Notes; Indian Law for the Security Trustee and Intercreditor Deed, the Security Trustee Appointment Agreement, the Project Accounts Deed and the Security Documents. Euroclear, Clearstream and DTC clearing. Optional Redemption: Make whole until 27 May 2044 (“Par Call Date”). Applicable Premium: On any redemption date, the excess of (A) the present value on such redemption date of an amount equal to the principal amount of such Note, plus all required remaining scheduled interest payments due on such Note through the Par Call Date (but excluding accrued and unpaid interest to the redemption date), computed using a discount rate equal to the Adjusted Treasury Rate (as defined in the Conditions) plus 50 basis points, over (B) an amount equal to the principal amount of such Note. Key Covenants: Financial Covenants: Senior Debt Sizing: Senior secured debt quantum linked to NPV of EBITDA forecast plus residual value of assets (based on 1.75x Project Life Cover Ratio -PLCR); Debt Service Cover Ratio (“DSCR”) (EOD case): Shall not be less than 1.10x; DSCR (distribution lock-up): Linked to graded DSCR (lockup between 1.35x to 1.55x); General Distribution Restriction: If FFO/Net Debt < 6% then distribution restricted to 75% of amount available. Pool Protection: Min. 65% of EBITDA from Sovereign & Sovereign Equivalent Counterparties; CFADS from Sovereign & Sovereign Equivalent Counterparties to be able to service 100% of Interest plus principal amortized on semi-annual basis, over remaining life of PPAs. Other customary high yield covenant package provisions including Tax Event and Optional Redemptions. Security: Initial Security: The following security will be created and perfected within 90 days of the Settlement Date: Pledge over 100% of equity shares of each Issuer to be created (other than equity shares held by the relevant nominee shareholders); First ranking charge over Escrow Accounts and Project Accounts; First ranking charge over receivables paid under the PPAs; and First ranking charge over fixed assets (other than immovable properties) and current assets and receivables of the Issuers, but excluding any cash or cash equivalents (including fixed deposits) required to be provided as cash margin with respect to any Cash Collateralised Facilities which are made available to the Issuers. Subsequent Security: The Issuers will make the necessary applications within 90 days of the Settlement Date to create security over the following assets: First ranking mortgage over all immovable assets in respect of each project of each Issuer; Charge/assignment/mortgage of rights under all PPAs and all guarantees, performance bonds and any letter(s) of credit provided by any person under the PPAs and the clearances in relation to the Projects (to the extent capable of assignment under applicable law) (“project documents”) in respect of each project of each Issuer, provided that the charge/assignment/mortgage of rights under any PPA shall only secure the payment and discharge of such obligations under the Notes which are allocated by such Issuer in relation to such project which the said PPA pertains to; andCharge/assignment/mortgage of rights and/or designation of the Security Trustee as loss payee under each insurance contract in respect of each project of each Issuer,but excluding any cash or cash equivalents (including fixed deposits) required to be provided as cash margin with respect to any Cash Collateralised Facilities which are made available to the Issuers). Such Security shall be created and perfected in respect of each asset, document or contract, as applicable, by the later of: (i) 90 days from receipt of all necessary consents from the relevant PPA counterparty to each of the PPAs and/or any other Person under any other project documents, as required (and, if applicable, and solely in relation to immovable property, from relevant governmental authorities and/or any other Person as required) in relation to such asset, document or contract; and (ii) the last day of the Relevant Calculation Period in which the final necessary consent is received by the relevant Issuer. S/D 11/27 (YI) |
| IPT(s) | GUIDANCE | LAUNCHED | PRICED |
| 7.75% area | 7.45%# | $600m 11/27/44 7.45% | $600m 7.45% 11/27/44 100.00 7.45% |
| BOOKS: | N/A |
| NIC(s): | N/A |
| COMP(s): | N/A |
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| A1/A+ | Principal Life Global Funding II] (PFG) |
| $500m [Principal Life Global Funding II] (PFG) 144a Reg S (w/o rts) 5yr (11/27/29) FA-backed notes. A1/A+. BNP/JPM/RBC/TD. UOP: To purchase one or more Funding Agreements from Principal Life Insurance Company (FA Provider). Denoms 2k x 1k. S/D 11/27 (F) (FAB) |
| IPT(s) | GUIDANCE | LAUNCHED | PRICED |
| +90 area | +68# | $500m 11/27/29 +68 | $500m 4.95% 11/27/29 99.996 4.951% +68 (TSY 4.125% 10/31/29 |
| BOOKS: | $1.1bln |
| NIC(s): | +02 |
| COMP(s): | PFG 5.50 06/28/28 $101.43 ~T+78 G+79 PFG 5.10 01/25/29 $100.75 ~T+62 G+63 PFG 2.50 09/16/29 $89.68 ~T+66 G+66 PFG 1.50 08/27/30 $82.30 ~T+81 G+78 |
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| Aa2/AA-/AA- | Commonwealth Bank of Australia/New York (CBAAU) |
$2bln [Commonwealth Bank of Australia/New York] (CBAAU) 2-pt ( 3(a)2 2yr (11/27/26) senior unsecured fixed and/or [Commonwealth Bank of Australia] 144a Reg S floating rate notes. Aa2/AA-/AA-. BARC/CITI/CBA/MS. UOP: GCP. Optional Redemption: CBA may redeem the 3(a)(2) Notes in whole but not in part for certain tax reasons. Denoms 2k x 1k (FRN). 250k x 1k (fixed). (Fixed) ISIN: US20271RAU41. CUSIP: 20271RAU4. (FRN) ISIN (Reg S / 144A): US2027A1KV89 / US2027A0KV07. CUSIP (Reg S / 144A): 2027A1KV8 / 2027A0KV0. S/D 11/ 27 (YF) |
| IPT(s) | GUIDANCE | LAUNCHED | PRICED |
| SOFR+Equiv | $700m 11/27/26 SOFR+46 | $700m SOFR+46 11/27/26 100.00 SOFR+46 | |
| +50 area | $1.3bln 11/27/26 +28 | $1.3bln 4.577% 11/27/26 100.00 4.577% +28 (TSY 4.125% 10/31/26) |
| BOOKS: | $750m, $1.25bln |
| NIC(s): | N/A, +03 |
| COMP(s): | CBAAU 2.850 05/18/26 $97.63 ~T+21 G+18 CBAAU 1.125 06/15/26 $94.95 ~T+19 G+17 CBAAU 2.625 09/06/26 $96.78 ~T+21 G+20 CBAAU 2.552 03/14/27 $95.79 ~T+23 G+20 |
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| Baa2/BBB/BBB | Smurfit Westrock Financing Designated Activity Company (SW) |
| $850m [Smurfit Westrock Financing Designated Activity Company] (SW) 144a/RegS (w/ rts) 10yr (1/15/35) "green" bond senior unsecured notes. Baa2/BBB/BBB. CITI(B&D)/ING/SMBC/TD. Green Advisors: ING. RABO. UOP: The Company intends to (a) use the net proceeds from this Offering and the concurrent EUR offering by Smurfit Kappa Treasury Unlimited Company to (i) redeem the outstanding Smurfit Kappa Acquisitions 2026 Notes and the WRKCo 2026 Notes and (ii) for general corporate purposes including the repayment of indebtedness, and (b) use an amount equivalent to the proceeds of the offerings to finance or refinance a portfolio of Eligible Green Projects in accordance with Smurfit Westrock’s Green Finance Framework, which the company may, in the future, update in line with developments in the market. MWC. Par call 3mo prior to mat. CoC: Put @ 101%. New York Law. CUSIPs: 144A: 83272Y AA0 7 REGS: G8267W AA1 ISINs: 144A: US83272YAA01 / REGS: USG8267WAA11. Guarantor: Smurfit WestRock PLC, Smurfit Westrock plc and certain of its subsidiaries (as per offering Memorandum. Marketing: www.netroadshow.com/nrs/home/#!/?show=592cb66c. Sales to Canada: YES: Denoms 200k x 1k. S/D 11/26 (YI) |
| IPT(s) | GUIDANCE | LAUNCHED | PRICED |
| +130 area | $850m 1/15/35 +100 | $850m 5.418% 1/15/35 99.988 5.418% +100 MW T+15 (TSY 4.25% 11/15/34) |
| BOOKS: | $5.5bln |
| NIC(s): | +02 |
| COMP(s): | SW 5.200 01/15/30 $100.53 ~T+82 G+81 SW 4.200 06/01/32 $94.10 ~T+76 G+82 SW 3.000 06/15/33 $84.53 ~T+86 G+89 SW 5.438 04/03/34 $100.83 ~T+93 G+95 |
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| Baa2/BBB-/BBB | Blackstone Private Credit Fund (BCRED) |
| $1bln [Blackstone Private Credit Fund] (BCRED) 144a/RegS (w/ rts) 2-pt (5yr (11/22/29) & 10yr (11/22/34)). Baa2/BBB-/BBBH (s/s/s) 5yr: CITI/GS/RBC/TSI(WFS(B&D) 10yr: BARC/CITI/GS/SMBC/WFS(B&D). UOP: The Company intends to use the net proceeds of this offering for general corporate purposes. MWC. Par call 1mo (5yr), 3mo (10yr) prior to mat. CoC @ 100% (see Red) CUSIPs: 5yr: 144A: 09261HBT3 / REGS: U0926HBB5 10yr:: 09261HBV8 / REGS: U0926HBC3. ISINs: 5yr: 144A: US09261HBT32 / REGS: USU0926HBB51. 10yr: 144A: US09261HBV87 / REGS: USU0926HBC35. Sales to Canada: YES. Denoms 2k x 1k. S/D 11/22 (F) |
| IPT(s) | GUIDANCE | LAUNCHED | PRICED |
| +185 area | +160# | $400m 11/22/29 +160 | $400m 5.60% 11/22/29 98.774 5.881% +160 MW T+25 (TSY 4.125% 10/31/29) |
| +215 area | +190# | $600m 11/22/34 +190 | $600m 6.00% 11/22/34 97.698 6.314% +190 MW T+35 (TSY 4.25% 11/15/34) |
| BOOKS: | $750m, $1.1bln |
| NIC(s): | +05, +04 |
| COMP(s): | BCRED 4.00 01/15/29 $94.60 ~T+120 G+121 BCRED 5.95 07/16/29 $100.44 ~T+158 G+158 BCRED 5.25 04/01/30 $97.47 ~T+154 G+153 BCRED 6.25 01/25/31 $101.13 ~T+170 G+173 |
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| Ba2/BBB-/BBB- | AppLovin Corp (APP) |
$3.55bln [AppLovin Corp] (APP) 4-pt (5yr (12/01/29), 7yr (12/01/31), 10yr (12/01/34) & 30yr (12/01/54) SEC registered senior unsecured notes. Ba2/BBB-/BBB-. BofA/JPM/MS. UOP: To repay in full each of our Term Loan Facilities and, to the extent of any remaining net proceeds, for general corporate purposes. MWC. Par call 1mos (5yr), 2mos (7yr), 3mos (10yr), 6mos (30yr) prior to mat. COC @101. Denoms 2k x 1k. S/D 12/05 (I) |
| IPT(s) | GUIDANCE | LAUNCHED | PRICED |
| +115 area | +85# | $1bln 12/01/29 +85 | $1bln 5.125% 12/01/29 99.962 5.134% +85 MW T+15 (TSY 4.125% 10/31/29) |
| +135 area | +105# | $1bln 12/01/31 +105 | $1bln 5.375% 12/01/31 99.874 5.397% +105 MW T+20 (TSY 4.125% 10/31/31) |
| +145 area | +112.5# | $1bln 12/01/34 +112.5 | $1bln 5.50% 12/01/34 99.689 5.541% +112.5 MW T+20 (TSY 4.25% 11/15/34) |
| +175 area | +137.5# | $550m 12/01/54 +137.5 | $550m 5.95% 12/01/54 99.502 5.986% +137.5 MW T+25 (TSY 4.25% 8/15/54) |
| BOOKS: | $4.25bln, $4.75bln, $5.5bln, $5.4bln |
| NIC(s): | DEBUT |
| COMP(s): | N/A |
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| Aa2/AA-/AA | State Street Bank and Trust Company (STT) |
$2.25bln [State Street Bank and Trust Company] (STT) 3(a)2 exempt 3-pt (2yr fixed and/or FRN (11/25/26) & 5yr (11/23/29)) senior unsecured notes. Aa2/AA-/AA (s/s/s). ACAD/DB/GS/MS(B&D). UOP: for our and our affiliates’ (including State Street’s) general corporate purposes,which may include, without limitation, working capital, capital expenditures, investments in or loans to our subsidiaries, refinancing of outstanding indebtedness, refinancing of outstanding capital securities, share repurchases (including, but not limited to, repurchases of State Street’s common stock), dividends, funding potential future acquisitions and satisfaction of other obligations. Denoms 250k x 1k. S/D 11/25 (F) |
| IPT(s) | GUIDANCE | LAUNCHED | PRICED |
| SOFR+Equiv | SOFR+Equiv | $300m 11/25/26 SOFR+46 | $300m SOFR+46 11/25/26 100.00 SOFR+46 |
| +55 area | +28# | $1.15bln 11/25/26 +28 | $1.15bln 4.594% 11/25/26 100.00 4.594% +28 (TSY 4.125% 10/31/26) |
| +75 area | +50# | $800m 11/23/29 +50 | $800m 4.782% 11/23/29 100.00 4.782% +50 (TSY 4.125% 10/31/29) |
| BOOKS: | $1.5bln, $2bln, $1.2bln |
| NIC(s): | N/A, +04, +03 |
| COMP(s): | STT 2.650 05/19/26 $97.43 ~T+15 G+12 STT 4.993 03/18/27 $100.92 ~T+29 G+26 STT 4.141 12/03/29 $97.42 ~T+57 G+58 STT 2.400 01/24/30 $89.40 ~T+45 G+45 |
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| Baa3/NR/BBB- | Sitios Latinoamerica, S.A.B. de C.V. (SILAMX) |
$650m [Sitios Latinoamerica, S.A.B. de C.V.] (SILAMX) 144A / Reg S 5yr sr unsec notes due November 26, 2029. Guarantors: Torres do Brasil S.A. and Torres Latinoamerica S.A. de C.V. Via Bofa, Citi. Rated Baa3/NR/BBB-. S/D: 11/25. (YI) |
| IPT(s) | GUIDANCE | LAUNCHED | PRICED |
| +Low 200s | - | $650m T+180 | $650m 6.00% 11/26/2029 99.659 6.08% T+180 MW T+30 (TSY 4.125% 10/31/2029) |
| BOOKS: | |
| NIC(s): | |
| COMP(s): | SILAMX 5.375 04/04/32 $94.11 ~T+199 G+205 |
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| Aaa/AA | International Development Association (IDAWBG) |
$3.5bln [International Development Association] (IDAWBG) 144a Reg S 5yr (11/27/29) senior unsecured sustainable development bonds. Aaa/AA. BofA/HSBC/NOM/RBC. UOP: GCP. Denoms 1k x 1k. Luxembourg Listing. NY Law. S/D 11/27 (SSA) (Books: $4.8bln+) |
| IPT(s) | GUIDANCE | SPREAD SET | LAUNCHED | PRICED |
| SOFR MS+48 area | SOFR MS+47 area | SOFR MS+47 | $3.5bln 11/27/29 SOFR MS+47 | $3.5bln 4.375% 11/27/29 99.907 4.396% T+13.7 (SOFR MS+47) (TSY 4.125% 10/31/29) |
| BOOKS: | $4.8bln |
| NIC(s): | N/A |
| COMP(s): | N/A |
.
| VOL | IPT/PX | XCVRD | NIC | TRADING | |
| (TODAY) 11/20 | 13,400 | -28 | 2.78 | 3.90 | 0.00 |
| WK ENDING 11/22/24 | 33,150 | -27 | 3.65 | 3.36 | 0.00 |
| WK ENDING 11/15/24 | 46,350 | -27 | 3.36 | 1.21 | 0.17 |
| WK ENDING 11/08/24 | 1,900 | -22 | 2.82 | -1.33 | 0.00 |
| WK ENDING 11/01/24 | 27,450 | -24 | 2.80 | 2.69 | 0.11 |
| WK ENDING 10/18/24 | 12,100 | -29 | 3.06 | 2.67 | -1.62 |
| WK ENDING 10/18/24 | 26,300 | -26 | 2.39 | 0.00 | -2.06 |
| WK ENDING 10/11/24 | 16,050 | -26 | 2.40 | 2.13 | -4.11 |
| WK ENDING 10/04/24 | 15,450 | -29 | 4.51 | 0.05 | -5.86 |
| WK ENDING 09/27/24 | 37,000 | -28 | 3.39 | 1.28 | -1.26 |
| WK ENDING 09/20/24 | 14,400 | -29 | 4.79 | 2.76 | -4.47 |
| WK ENDING 09/13/24 | 38,225 | -26 | 3.24 | 4.40 | -1.64 |
| WK ENDING 09/06/24 | 80,575 | -30 | 3.71 | 2.48 | -0.57 |
| WK ENDING 08/30/24 | 1,550 | -53 | 6.40 | 12.00 | -13.50 |
| WK ENDING 08/23/24 | 22,650 | -27 | 3.99 | 5.04 | -2.96 |
| WK ENDING 08/16/24 | 29,000 | -30 | 4.60 | 1.59 | -3.77 |
| WK ENDING 08/09/24 | 44,970 | -31 | 5.04 | 4.73 | -3.02 |
| WK ENDING 08/02/24 | 31,125 | -23 | 2.97 | 3.67 | 4.89 |
| WK ENDING 07/26/24 | 31,504 | -26 | 3.00 | 3.00 | -1.52 |
| WK ENDING 07/19/24 | 48,100 | -27 | 3.63 | 0.94 | -5.83 |
| YTD "ZERO DAYS" | 21 | 2023 / 32 | |||
| YTD FRNS DROPPED | 18 | 2023 / 39 | |||
| 24-Nov | 81,400 | -26.74 | 3.48 | 2.05 | 0.09 |
| 24-Oct | 95,000 | -26.06 | 3.11 | 1.75 | -2.32 |
| 24-Sep | 172,550 | -26.08 | 3.40 | 2.41 | -1.22 |
| 24-Aug | 106,995 | -29.35 | 4.50 | 4.13 | -2.85 |
| 24-Jul | 125,504 | -26.26 | 4.80 | 2.47 | -2.96 |
| 24-Jun | 102,675 | -24.60 | 3.28 | 4.08 | 0.70 |
| 24-May | 136,150 | -29.89 | 3.51 | 1.93 | -0.84 |
| 24-Apr | 106,680 | -23.93 | 4.07 | 1.65 | -1.10 |
| 24-Mar | 142,909 | -25.00 | 3.82 | 1.46 | 0.59 |
| 24-Feb | 199,425 | -26.51 | 3.93 | 1.89 | -1.18 |
| 24-Jan | 195,620 | -25.66 | 3.73 | 2.70 | -2.20 |
| 23-Dec | 24,025 | -23.94 | 3.04 | 5.59 | -2.90 |
| 23-Nov | 100,725 | -25.50 | 3.95 | 7.40 | -5.15 |
| VOL | IPT/PX | XCVRD | NIC | TRADING | |
| 2024 YTD | 1,464,908 | -26.87 | 3.62 | 2.51 | -1.42 |
| 2023 YTD | 1,167,030 | -24.20 | 3.66 | 6.74 | -3.40 |
| 24 VS '23 (% DIF) | 25.50% | -2.67 | -0.04 | -4.23 | 1.98 |
| NOV | NOV VOL | LOW EST | AVE EST | HI EST | DIF (+/-) |
| 2024 | 81,400 | 90,000 | 11,400 | ||
| 2024 | 2024 YTD | LOW EST | AVE EST | HI EST | DIF (+/-) |
| YTD | 1,464,908 | 189,908 |
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