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Debt Capital Markets
$2.5 Billion

21NC20 Fixed to Floating Senior Unsecured Notes

Co-Manager 11/2024

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C.L. King Co-Manages $2.5 Billion JPMorgan Bond Offering

C.L. King acted as Co-Manager for JPMorgan Chase & Co. in its $2.5B 5.534% 21NC20 Fixed to Floating Senior Unsecured Notes due 11/29/45. (NYSE: JPM). This issue was rated A1/A/AA-.

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$1.1 Billion

Device Payment Plan VZMT 2024-8 ABS

Co-Manager 11/2024

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C.L. King Co-Manages $1 Billion Verizon ABS

C.L. King acted as Co-Manager for Verizon Communications Inc. in its $1B Device Payment Plan VZMT 2024-8 ABS transaction. Verizon Master Trust is an indirect wholly owned subsidiary of Verizon Communications Inc. (NYSE:VZ).

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$3 Billion

21NC20 Fixed to Floating Senior Unsecured Notes

Co-Manager 11/2024

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C.L. King Co-Manages $3 Billion Goldman Sachs Bond Offering

C.L. King acted as Co-Manager for The Goldman Sachs Group, Inc. in its $3B 5.561% 21NC20 Fixed to Floating Senior Unsecured Notes due 11/19/2045 (NYSE:GS). This issue was rated A2/BBB+/A.

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$6.5 Billion

5-part 4NC3 FTF & FRN, 6NC5 FTF & FRN and 11NC10 T2 Sub Notes

Co-Manager 11/2024

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C.L. King Co-Manages $6.5 Billion HSBC Holdings Bond Offering

C.L. King acted as a Co-Manager for HSBC Holdings PLC in its $6.5B 5-tranche debt offering consisting of $1.5B 5.13% 4NC3 Fixed to Floating Senior Unsecured Notes due 11/19/28, $500M 4NC3 SOFR+104 Floating Senior Unsecured Notes due 11/19/28, $2.25B 5.286% 6NC5 Fixed to Floating Senior Unsecured Notes due 11/19/30, $500M 6NC5 SOFR+129 Floating Senior Unsecured Notes due 11/19/30 and $1.75B 5.874% 11NC10 Tier 2 Sub Notes due 11/18/35 (NYSE:HSBC). These issues were rated A3/A-/A+ and Baa1/BBB/A-.

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$2.2 Billion

3NC2 3a2 Social Fixed to Floating Senior Bank Notes

Jr. Co-Manager 11/2024

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C.L. King Co-Manages $4.25 Billion Citibank NA Bond Offering

C.L. King acted as Jr. Co-Manager for Citibank NA in its $2.2B 4.876% 3NC2 3a2 Social Fixed to Floating Senior Bank Notes due 11/19/27. This was part of a $4.25B 3-part debt offering which also included $800M 3NC2 SOFR+71.2 3a2 Social Floating Senior Bank Notes due 11/19/27 and $1.25B 5.592% 10NC5 Sub Fixed Rate Reset Notes due 11/19/34. Citibank NA is a wholly owned subsidiary of Citigroup Inc. (NYSE:C). These issues were rated Aa3/A+/A+ and Baa2/BBB/BBB+.

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$3.5 Billion

11NC10 Fixed Subordinated Notes

Co-Manager 10/2024

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C.L. King Co-Manages $3.5 Billion Bank of America Bond Offering

C.L. King acted as Co-Manager for Bank of America Corp in its $3.5B 5.518% 11NC10 Fixed Subordinated Notes due 10/25/2035. (NYSE: BAC).This issue was rated A3/BBB+/A.

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$2.3 Billion

3-part 3yr FXD & FRN and 8NC7 FTF Senior Notes

Co-Manager 10/2024

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C.L. King Co-Manages $2.3 Billion State Street Bond Offering

C.L. King acted as Co-Manager for State Street Corporation in its $2.3B 3-part debt offering of $1.2B 4.33% 3yr Senior Unsecured Notes due 10/22/2027, $300M 3yr SOFR+64 Floating Rate Senior Unsecured Notes due 10/22/2027 and $800M 4.675% 8NC7 Fixed to Floating Rate Senior Unsecured Notes due 10/22/2032. (NYSE: STT). These issues were rated A1/A/AA-.

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$1.5 Billion

Long 5yr and 10yr Senior Notes

Co-Manager 10/2024

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C.L. King Co-Manages $1.5 Billion Dell Bond Offering

C.L. King acted as Co-Manager for Dell International LLC and EMC Corporation in their $1.5B 2-part debt offering consisting of $700M 4.35% 5yr Senior Notes due 2/01/30 and $800M 4.85% 10yr Senior Notes due 2/01/35. Dell International LLC and EMC Corporation are wholly owned subsidiaries of Denali Intermediate Inc. Guarantors were Dell Technologies Inc, Denali Intermediate Inc and Dell Inc. (NYSE:DELL). These issues were rated Baa2/BBB/BBB.

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$1.1 Billion

15NC10 Fixed Rate Reset Subordinated Notes

Jr. Co-Manager 09/2024

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C.L. King Co-Manages $4.1 Billion Citigroup Bond Offering

C.L. King acted as Jr. Co-Manager for Citigroup Inc. in its $1.1B 5.411% 15NC10 Fixed Rate Reset Subordinated Notes due 9/19/39. This was part of a $4.1B 2-part debt offering which also included $3B 4.542% 6NC5 Fixed to Floating Rate Senior Unsecured Notes due 9/19/30 (NYSE: C). These issues were rated A3/BBB+/A and Baa2/BBB/BBB+.

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$2.5 Billion

PerpNC5.5 and PerpNC10 Junior Sub Notes

Co-Manager 09/2024

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C.L. King Co-Manages $2.5 Billion HSBC Holdings Bond Offering

C.L. King acted as a Co-Manager for HSBC Holdings PLC in its $2.5B 2-part AT1 Perpetual Sub Contingent Convertible Securities consisting of $1.35B 6.875% PerpNC5.5 Junior Sub Notes and $1.15B PerpNC10 Junior Sub Notes. HSBC Holdings PLC (ADR NYSE: HSBC).
These issues were rated Baa3/BBB.

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$2 Billion

11NC10 Senior Notes

Co-Manager 09/2024

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C.L. King Co-Manages $4.5B Barclays PLC Bond Offering

C.L. King acted as Co-Manager for Barclays PLC in its $2B 5.335% 11NC10 Fixed-to-Floating Rate Senior Callable Notes due 9/10/35. This was part of a $4.5B 3-part offering which also included $1B 4.837% 4NC3 Fixed-to-Floating Rate Senior Callable Notes due 9/10/28 and $1.5B 4.942% 6NC5 Fixed-to-Floating Rate Senior Callable Notes due 9/10/30. Barclays PLC (ADR NYSE: BCS).
These issues were rated Baa1/BBB+/A.

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$3 Billion

Long 3yr, Long 7yr and Long 10yr Senior Notes

Co-Manager 09/2024

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C.L. King Co-Manages $3 Billion Mastercard Bond Offering

C.L. King acted as Co-Manager for Mastercard Incorporated in its $3B 3-part debt offering consisting of $750M Long 3yr 4.1% Senior Notes due 1/15/28, $1.15B Long 7yr 4.35% Senior Notes due 1/15/32 and $1.1B Long 10yr 4.55% Senior Notes due 1/15/35 (NYSE:MA).
These issues were rated Aa3/A+.

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$1.75 Billion

5yr and 10yr Senior Notes

Co-Manager 09/2024

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C.L. King Co-Manages $1.75B GM Financial Bond Offering

C.L. King acted as Co-Manager for General Motors Financial Company, Inc. in its $1.75B 2-part debt offering consisting of $1B 4.9% 5yr Senior Notes due 10/06/29 and $750M 5.45% 10yr Senior Notes due 09/06/34. GM Financial is the wholly owned captive finance subsidiary of General Motors (NYSE:GM).
These issues were rated Baa2/BBB/BBB.

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$500 Million

10yr Senior Notes

Co-Manager 08/2024

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C.L. King Co-Manages $500 Million Mondelez Bond Offering

C.L. King acted as Co-Manager for Mondelez International, Inc. in its $500M 10yr 4.75% Senior Notes due 8/28/34 (NASDAQ: MDLZ).
This issue is rated Baa1/ BBB.

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$400 Million

10yr Senior Notes

Co-Manager 08/2024

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C.L. King Co-Manages $400 Million Tucson Electric Power Bond Offering

C.L. King acted as Co-Manager for Tucson Electric Power Company in its $400M 5.2% 10yr Senior Unsecured Notes due 09/15/2034. Tucson Electric Power is a wholly owned subsidiary of Fortis Inc. (NYSE: FTS).
This issue is rated A3/A-.

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$2.5 Billion

3-part 2yr FXD & FRN and 5yr Senior Notes

Co-Manager 08/2024

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C.L. King Co-Manages $2.5 Billion Toyota Motor Credit Corp Bond Offering

C.L. King acted as Co-Manager for Toyota Motor Credit Corp in its $2.5B 3-part Medium Term Notes, Series B offering consisting of $750M 4.55% 2yr Fixed Senior Notes due 08/07/26, $750M 2yr (SOFR+77) Floating Rate Notes due 08/07/26 and $1B 4.50% 5yr Fixed Senior Notes due 08/09/29. Toyota Motor Credit Corp is wholly-owned by Toyota Motor Corporation (NYSE: TM).
These issues were rated A1/A+/A+.

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$1.45 Billion

FORDL 2024-B ABS

Co-Manager 07/2024

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C.L. King Co-Manages $1.45 Billion Ford Motor Credit ABS

C.L. King acted as Co-Manager for Ford Motor Credit Company LLC in its $1.45B Ford Credit Prime Auto Lease FORDL 2024-B ABS transaction.
Ford Motor Credit Company LLC is wholly owned by Ford Motor Company (NYSE: F).

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$3.25 Billion

11NC10 Fixed to Floating

Co-Manager 07/2024

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C.L. King Co-Manages $8 Billion Morgan Stanley Bond Offering

C.L. King acted as a Co-Manager for Morgan Stanley on its $3.25B 5.320% 11NC10 Fixed to Floating Senior Unsecured Notes due 7/19/35. This was part of a $8B 4-part debt offering which also included a $1.5B 4NC3 4.968% 3a2 Senior Bank Notes due 7/14/28, $1B 4NC3 SOFR+94 3a2 Floating Senior Bank Notes due 7/14/28, and $2.25B 5.042% 6NC5 Fixed to Floating Senior Unsecured Notes due 7/19/30. (NYSE:MS).
These issues were rated Aa3/A+/AA- and A1/A-/A+.

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$2 Billion

PerpNC5 $1000 par Preferred Stock Series FF

Senior Co-Manager 07/2024

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C.L. King Co-Manages $2 Billion Wells Fargo’s Preferred Stock Offering

C.L. King acted as Senior Co-Manager for Wells Fargo & Co in its $1,000 par PerpNC5 $2B 6.85% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series FF. The company offered 2,000,000 depositary preferred shares. (NYSE: WFC).
These issues were rated Baa2/BB+/BBB.

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$5.5 Billion

6NC5 & 11NC10 Fixed to Floating

Co-Manager 07/2024

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C.L. King Co-Manages $5.5 Billion Goldman Sachs Bond Offering

C.L. King acted as Co-Manager for Goldman Sachs in its $5.5B 2-part debt offering consisting of $2.5B 5.049% 6NC5 Fixed to Floating Senior Unsecured Notes due 7/23/2030 and $3B 5.33% 11NC10 Fixed to Floating Senior Unsecured Notes due 7/23/2035. (NYSE:GS).
These issues were rated A2/BBB+.

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