G–250 USD and EURO New Issue Supply with Trade Indicators for May 14, 2025

Euro Supply

Issuer: McDonald's Corp (MCD Baa1/BBB+)

EU1.25b 7Y Fixed (May 21, 2032) at MS+10 5

Issuer: Pfizer Netherlands International Finance BV (PFE A2/A)

EU750m 4Y Fixed (May 19, 2029) at MS+65

EU1b 7Y Fixed (May 19, 2032) at MS+90

EU750m 12Y Fixed (May 19, 2037) at MS+120

EU800m 20Y Fixed (May 19, 2045) at MS+155

Issuer: Santander UK PLC (SANUK)

GBP1b 3Y Covered FRN (May 12, 2028) at SONIA+52

Issuer: Caterpillar Financial Services Corp (CAT A2/A)

CHF375m 4Y Fixed (May 23, 2029) at SARON MS+63

US Supply

Issuer: Athene Holding Ltd (ATH Baa1/A-)/BBB+

$Benchmark 30Y Fixed (May 19, 2055) IPT +200 Area – attractive to 174/30Y

Issuer: Swedbank AB (SWEDA A3/A-)-

$Benchmark 5Y SNP Fixed (May 21, 2030) IPT +120 Area – attractive to 79/5Y

Issuer: Societe Generale SA (SOCGEN Baa2/BBB)

USD 4NC3 Fxd-to-FRN (May 22, 2029) IPT +150 Area – attractive to 126/ 3Y

USD 4NC3 FRN (May 22, 2029) IPT SOFR Equiv – attractive to DM 134

USD 6NC5 Fxd-to-FRN (May 22, 2031) IPT +165 Area - attractive to 142/5Y

Issuer: PSEG Power LLC (PEG Baa2/BBB)

USD 5Y Fixed (May 15, 2030) IPT +140 Area - attractive to 104/5Y

USD 10Y (May 15, 2035) IPT +165 Area - attractive to to 121/10U

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