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Date $MM...................................>

PIPELINE
PIPELINE: Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
03/21 $500M Nordic Investment Bank Min. 2Y IPT MS -6a
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$13.85B Priced Tuesday, AB/INBEV lead
03/20 $10B *Annheuser-Busch INBEV, details:
  $1.5B 5Y fix +90, $500M 5Y FRN L+74, 
  $2.5B 10Y +125, $1.5B 20Y +135, 
  $2.5B 30Y +150 and $1.5B 40Y +165
03/20 $750M *Entergy Louisiana LLC 15Y IPT +115
03/20 $700M *Virginia Electric & Power Co 10Y IPT +95
03/20 $500M *MetLife PerpNC10 Pref IPT 5.875%
03/20 $1B *Kommunalbanken (KBN) 2Y; IPT MS -1
03/20 $400M *Ohio Power Co 30Y IPT +115a

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