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

PIPELINE
PIPELINE: Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
No new corporate issuance Friday, surprisingly decent $41.98B on week
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$13.65B priced Thursday, 
05/10 $6B *HSBC $2B 3NC2 FRN +60, $2B 6NC5 +112, $2B 6NC5 +100
05/10 $6B *GlaxoSmithKline 5-part:
      $1.25B 3Y fix +55 $750M 3Y FRN +35, 
      $1.25B 5Y +65, $1B 7Y +80, $1.75B 10Y +90
05/10 $1.25B *ANZ $500M 3Y fix +65, $750M 3Y FRN L+46
05/10 $400M *Southern California Fas WNG 30Y +100

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