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SocGen NBP: Expect Rates Unchanged

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US PIPELINE
US PIPELINE: Busy high-grade issuance keeps rolling out:
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Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
9/27 $3.0B  #Saudi Arabia A1/A+ Long 5Y +110       GS/GIB/HSBC/JPM/MUFG
9/27 $5.0B  #Saudi Arabia A1/A+ Wed Long 10Y+145   GS/GIB/HSBC/JPM/MUFG
9/27 $4.5B  #Saudi Arabia A1/A+ Wed 30Y +180       GS/GIB/HSBC/JPM/MUFG
9/27 $1.0B   Mexichem Baa3/BBB-/BBB- 10Y +200s low BBVA/JPM/MS/MUFG
9/27 $1.0B   Mexichem Baa3/BBB-/BBB- 30Y +300s low BBVA/JPM/MS/MUFG
9/27 $1.0B  *Finnvera(Finld guar)Aa1/Aa+ 3Y MS+6   CA/C/HSBC/NORD
9/27 $1.0B   KFW Aaa/AAA green global 5Y MS+9      BAML/RBC/TD
9/28 $1.0B   Kingdom of Belgium Aa3/AA/AA- Th lg 2Y MS-4s BARC/C/HSBC/SCO
9/27 $2.0B?  China eyes US$ sovereign bonds in Sept; to pick leads soon
- China last sold US$ debt in 2004, a $1.7B US$/EUR 5Y, 7Y debt deal
- S&P downgraded China 1 notch Sep 21 to A+, stable outlook
9/27 BM      Kingdom of Jordan B1/BB- lg 10Y/30Y rdshw UK, US Sep25 C/JPM

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