G-255 USD New Issue Supply with Trade Indicators for June 17, 2025

UnitedHealth Group Inc (UNH, A2/A+)

$3Y Fixed IPT +80 - attractive to - 56/3Y

$5Y Fixed IPT +95 0 attractive to – 66/5Y

$10Y Fixed IPT +120 - attractive to 94/10Y

$30Y Fixed IPT +140 - attractive to 118/30Y

Issuer is re-levering

Enterprise Products Operating LLC (EPD, A3/A-)

$3Y Fixed IPT +70 - attractive to to 40/3Y

$5Y Fixed IPT +90 - attractive to 57/3Y

$10Y Fixed IPT +115 – attractive to 82/10Y

Issuer is re-levering

Hyundai Capital America (HYNMTR, A3/A-)

$2Y Fixed IPT +125 – attractive to 100/2Y

$2Y FRN - attractive to DM 119

$3Y Fixed IPT +135 – attractive to 114/3Y

$3Y FRN -attractive to DM 127

$5Y FRN - attractive to DM 138

$7Y Fixed IPT +160 – Attractive to 128/7Y

Issuer us de-levering

Disclaimer - This report is not intended as, and does not constitute an offer, or a solicitation to buy or sell any securities or financial instruments. All data, levels, opinions, and representations herein are provided for informational purposes only and should not be relied upon for making investment decisions. Past performance is not indicative of future results. The authors of this report assume no liability for losses or damages arising from the use of this information. Investors should consult with a qualified financial advisor before making any investment decisions. The information in this report is based on sources believed to be reliable, but no guarantee is made as to its accuracy, completeness, or timeliness.