Talking Tuesdays with Stephen L. Haas | August 15, 2023
Good morning, I am Stephen Haas, Head of Credit Trading at AmeriVet Securities. Welcome to Talking Tuesdays.
The New Issue calendar saw weekly estimates topped and came in at $35 billion. August volume now stands at $61 billion on estimates of $85 billion for the month with 2 and 1/2 weeks to go. Financial spreads were unchanged to 7-basis points wider on light summer secondary volume and we saw $1.9 billion of net client selling on the week.
Great job by the AmeriVet Securities team last week as we were a Co-Manager on $2.95 billion 4-part deal for Thermo Fisher, $600 million 5yr-FMB Green bond for San Diego Gas & Electric, and $2 billion 3-part deal for McDonald’s.
I am Stephen Haas, thank you for Listening to Talking Tuesday’s.
Get your updates on the credit market each week with Talking Tuesdays from Stephen L. Haas, Head of Credit Trading for AmeriVet Securities