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$1B Japan Finance Org. for.................>

PIPELINE
PIPELINE: $1B Japan Finance Org. for Municipalities (JFM) 5Y priced
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
03/05 $1B *Japan Finance Org. for Municipalities (JFM) 5Y +47
03/05 $1.75B #Glencore $1B 5Y +170, $750m 10Y +220
03/05 $1B #Lloyds 5Y +140
03/05 $600m #Toyota Ind 3Y +58
03/05 $500m/upsized #Lazard Group Llc 10Y +175
03/05 $Benchmark Merck & Co 5Y +43a, 10Y +75a, 20Y +90a, 30Y +100a
03/05 $Benchmark MassMutual Glbl Fndng 7Y +90a
03/05 $Benchmark PNC Bank 2NC1 FRN L+40a
On tap for week:
03/-- $10B est Qatar inaugural issuance
03/-- $Benchmark Johnson Controls

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