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

PIPELINE
PIPELINE: Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #:
09/03 $2B European Stability Mechanism (ESM) 5Y +19a
09/03 $600M Northern States Power WNG 30Y +125a
09/03 $500M European Investment Bank (EIB) WNG 2022 Tap FRN SOFR +26a
09/03 $500M ADB 2Y FRN SOFR +24a
09/03 $400M PPL Electric Utilities Corp 30Y +130a
09/03 $325M PECO Energy Co WNG 30Y +130a
09/03 $300M NY State Electric & Gas WNG 30Y +150a
09/03 $Benchmark Disney 6-part, 2Y, 3Y fix/FRN, 5Y, 10Y and 30Y
09/03 $Benchmark Caterpillar Financial 1.5NC FRN +37.5a, 3NC +70a
09/03 $Benchmark HSBC Bank Canada 3Y +37a
09/03 $Benchmark MuniFin 3Y +18a
09/03 $Benchmark BOC Aviation 10Y +185a
09/03 $Benchmark Hyundai Capital Services 5Y +145a
09/03 $Benchmark CK Hutchison 10Y +140a, 30Y +160a
09/03 $Benchmark Blackstone Holdings Finance 10Y +135a, 30Y +175a

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