Just Priced — New Issues
Bonds issued within the last 90 days, newest first.
The primary driver across this fresh cohort of USDdenominated new issues is yield capture, led by select emergingmarket and international financial names offering compelling spreads over comparable sovereigns. Notably, Arada Developments' 2031 issue prices with a robust 9.269% YTW, while Aeropuertos Argentina's 2036 industrial note carries an 8.00% coupon, rewarding investors willing to underwrite crossborder credit risk in the current window. Developedmarket financial paper provides highgrade portfolio ballast, anchored by senior bank issuance and select highyielding structures like U.S. Bancorp's 2076 issue screening at a 7.092% YTW. Meanwhile, highquality international lenders such as the African Development Bank deliver exceptional liquidity and toptier sovereign backing with a 4.949% YTW on its 2030 maturity. Domestic utility and regional banking supply round out the curve, highlighted by National Rural Utilities Cooperative tapping multiple maturities with yields ranging from 5.159% on the 2028 tranche up to 5.465% for the 2031 maturity. These issues offer institutional accounts clean duration management and predictable cash flows within resilient defensive sectors amidst ongoing macroeconomic uncertainty.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Arada Sukuk 2 Ltd. | …5478 | 8.875 | 9.269 | 98.45 | 2031-11-02 | 2031-08-02 | No Rating | USD | 400MM |
| 2 | U.S. Bancorp. | …BF28 | 7.2 | 7.092 | 100.46875 | 2176-10-30 | 2032-01-15 | BBB | USD | 1BN |
| 3 | ASB Bank Ltd. | …AB72 | 5.696 | 5.608 | 100.239 | 2029-11-02 | No Rating | USD | 600MM | |
| 4 | National Rural Utilities Cooperative Finance Corp. | …GL06 | 5.6 | 5.465 | 100.57325 | 2031-10-30 | 2031-08-30 | No Rating | USD | 400MM |
| 5 | National Rural Utilities Cooperative Finance Corp. | …GK23 | 5.4 | 5.303 | 100.2635 | 2029-10-30 | 2029-09-30 | No Rating | USD | 400MM |
| 6 | National Rural Utilities Cooperative Finance Corp. | …GJ59 | 5.25 | 5.159 | 100.171 | 2028-10-27 | No Rating | USD | 400MM | |
| 7 | African Development Bank | …FQ70 | 4.875 | 4.949 | 99.789 | 2030-01-18 | No Rating | USD | 2.5BN | |
| 8 | Aeropuertos Argentina 2000 S.A. | …AT01 | 8 | 2036-11-05 | 2029-11-05 | No Rating | USD | 400MM | ||
| 9 | United States Treasury Notes | …RR42 | 2.25 | 2031-10-15 | No Rating | USD | 26BN | |||
| 10 | Mizuho Bank Ltd | …BV10 | 4.5493 | 2028-10-30 | No Rating | USD | 450MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.