US high-grade bond supply of US$20bil expected this week

JPMorgan may be the next big bank to issue debt, according to Arnold Kakuda, senior financials credit analyst at Bloomberg Intelligence.

NEW YORK: Investment-grade bond supply is expected to remain steady this week as companies are enticed by tight spreads and strong investor demand.

Syndicate desks are calling for US$15bil (RM63.14bil) to US$20bil (RM84.19bil) of fresh high-grade securities, with a greater percentage to come from corporate issuers after last week’s supply was dominated by banks.