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$3B HSBC, $1.25B TD launched; await........>

PIPELINE
PIPELINE: $3B HSBC, $1.25B TD launched; await Pfizer 5-tranche issuance details
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
03/04 $3B #HSBC $2.5B 6NC5 +128, $500m 6NC5 FRN +123
03/04 $1.25B #TD Bank 5Y +75
03/04 $450M #Union Electric WNG 10Y +78
03/04 $350m #WEC Energy WNG 3Y +60
03/04 $Benchmark Pfizer 3Y +30a, 5Y +45a, 10Y +80a, 20Y +95a, 30Y +105a
03/04 $Benchmark MUFG Union Bank3Y +70a, 3Y FRN
03/04 $600m Duke Energy Progress WNG 10Y +95a
03/04 $Benchmark JFM 5Y +51a
03/04 $Benchmark Johnson Controls this week
03/04 $Benchmark John Deere Capital 3Y fix/FRN, 10Y

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