Just Priced — New Issues
Bonds issued within the last 90 days, newest first.
The latest primary market vintage highlights strong deal flow across highgrade technology, utilities, and highbeta emerging market credits priced over the last 90 days. Highgrade issuance is anchored by Texas Instruments' multitranche offering, where the 2036 maturity trades at a 5.74% yield to worst, offering robust carry within the A+ tech sector. Yield hunters find compelling entry points further down the credit and geographic spectrum, led by Arada Developments offering a 9.287% YTW on its 2031 notes and Aeropuertos Argentina pushing yields to 8.234% on its 2036 paper. Meanwhile, European utilities like Iberdrola (IBESM) and supranationals like the African Development Bank provide liquid, midcurve alternatives ranging from roughly 4.85% to 5.85%. These newly priced instruments present professional fixedincome allocators with an opportunity to lock in attractive yields across the curve before shifting macroeconomic expectations compress spreads. The dispersion between highgrade US industrials—such as Republic Services yielding 5.628%—and doubleB emerging market debt allows portfolio managers to precisely calibrate duration and credit risk.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Arada Sukuk 2 Ltd. | …5478 | 8.875 | 9.287 | 98.38 | 2031-11-02 | 2031-08-02 | No Rating | USD | 400MM |
| 2 | Aeropuertos Argentina 2000 S.A. | …AT01 | 8 | 8.234 | 98.38 | 2036-11-05 | 2029-11-05 | No Rating | USD | 400MM |
| 3 | Texas Instruments Inc. | …CR39 | 5.75 | 5.74 | 100.0775 | 2036-11-09 | 2036-08-09 | A+ | USD | 500MM |
| 4 | RYDER SYSTEM, INC. | …LJ67 | 5.6 | 5.628 | 99.87 | 2031-12-01 | 2031-11-01 | BBB+ | USD | 700MM |
| 5 | Texas Instruments Inc. | …CP72 | 5.35 | 5.391 | 99.8225 | 2031-11-09 | 2031-10-09 | A+ | USD | 500MM |
| 6 | Texas Instruments Inc. | …CN25 | 5 | 5.034 | 99.9365 | 2028-11-09 | A+ | USD | 500MM | |
| 7 | African Development Bank | …FQ70 | 4.875 | 4.854 | 100.0676253 | 2030-01-18 | No Rating | USD | 2.5BN | |
| 8 | Texas Instruments Inc. | …CQ55 | 5.5 | 2033-11-09 | 2033-09-09 | A+ | USD | 500MM | ||
| 9 | Iberdrola SA | …EE25 | 5.4 | 2029-11-04 | 2029-10-04 | BBB+ | USD | 800MM | ||
| 10 | Iberdrola SA | …EF99 | 5.85 | 2033-11-04 | 2033-09-04 | BBB+ | USD | 800MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.